TNVAT - ITC reversal for CST 2% sales, VAT + CST

[venkat eswaran]

Dear Sirs,

as per new rule in TNVAT from 11.11.2013. ITC reversal tobe done for CST 2 percent sales against C form.

Pl give the formula for the said ITC reversal. and in which section in Annexture iii  this to be mentioned?

Pl give ur valuble reply

Venkat'

 

 

 

Posts / Replies

[Kantilal Chhajer]

Dear sir If I pay local tax 5%and sale the goods,which I purchased in TNVAT ,will I get ITC. PLS CLARIFY. Thanks

[ganeshan kalyani]

Dear Kantilal,

Refer Section 19 of TNVAT Act, 2006 Input Tax Credit.

regards,

ganeshan