Reversal Of ITC, VAT + CST

[Sundar Manokaran]

Dear Sir,

I'm a Registered dealer of tamilnadu and also i'm doing trading activity for the commodity of Tea. I'm a purchasing a Tea from Local Dealers @1% and 5% and availed ITC. After that i am selling the Tea @ 5% Local Sales and CST @ 2% with C Form. From 11.11.2013 the TN Gov announced "Reversal of In Excess of 3%", Sir Please explain how to make a ITC Reversal calculation.

Thanks and Regs

Megha

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.