reversal of input tax credit

[Guest]

We  have a sales and raw material purchase from interstate. If Scrap  is more in the interstate sales, then  how i will go for reversal mechanism? Whether it is applicable or not

[YAGAY andSUN]

Dear Ramesh,

Sales Returns are allowed within six months from the date of sale in VAT/CST laws.

Regards

Team YAGAY & SUN

(Management & Indirect Tax Consultants)

AI Summary

Sales Returns Allowed Within Six Months Under VAT/CST Laws for Interstate Sales and Scrap Involvement. A user inquired about the applicability of the reversal mechanism for input tax credit concerning interstate sales and raw material purchases, specifically when scrap is involved. The response clarified that sales returns are permissible within six months from the date of sale under VAT/CST laws.