TNVAT – Important Judgement on ITC Reversal for Inter-state Sales
The TNVAT (5th Amendment)Act 2013 – Act No 28 of 2013 requires reversal of Input tax credit @ 3% with regard to Inter-state Sales (CST Sales) . This was applicable from 11th Nov 2013 to 31st March 2015. There was an ambiguity whether this reversal provision is applicable to manufacturers also or applicable only to […]
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