Dear Experts,
Is there any differences between the credit taken on input invoices issued by stage-I / stage-II dealers, Manufacturer invoices and importer invoices.
What is the effect, if we show them in 'Credit Taken on inputs on invoices issued by manufacturers” columninstead of showing in their relevant columns in ER-2
Anand
Clarification on Correcting Errors in Categorizing Input Credits on ER-2 Form; Credits Remain Permitted Despite Mistakes. A query was raised regarding the differences in credit taken on input invoices issued by stage-I/stage-II dealers, manufacturer invoices, and importer invoices, and the implications of incorrectly categorizing them in the ER-2 form. The response clarified that while these credits must be reported as prescribed by law, errors in categorization are correctable. The department can be informed of such clerical mistakes, and the availed credit would still be permitted. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
