REVERSAL OF INPUT TAX CREDIT ON CST SALES FOR MANUFACTURER IN TAMILNADU IN 2013 2014

[PAWAN AGARWAL]

I WANT TO KNOW IS THERE ANY COURT CASE FOR ABOVE MENTIONED CASES IN TAMILNADU

[Ganeshan Kalyani]

Sir, the reversal of proportionate input tax credit attributable to interstate sale was applicable in the State of Tamil Nadu upto 31.03.2015.

Sir, if you elaborate your query we will attempt to resolve it. Thanks.

AI Summary

Reversal of input tax credit: proportionate credit for interstate CST sales required reversal, affecting manufacturers' tax accounting. Reversal of proportionate input tax credit on interstate Central Sales Tax (CST) sales required manufacturers to reverse the portion of input tax credit attributable to goods sold across state borders; in Tamil Nadu this reversal obligation applied until the statutory cutoff referenced in the query.