https://www.taxtmi.com/forum/issue?id=3935 When raw material is sold as such the sale is taxed at the rate applicable to that raw material and, where input tax credit was availed on its acquisition, that input tax credit must be reversed upon such sale. en-us Thu, 22 Mar 2012 10:44:35 +0530 Thu, 23 Jan 2025 15:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3935 When raw material is sold as such the sale is taxed at the rate applicable to that raw material and, where input tax credit was availed on its acquisition, that input tax credit must be reversed upon such sale. Discussion-Forum VAT / Sales Tax Thu, 22 Mar 2012 10:44:35 +0530 https://www.taxtmi.com/forum/issue?id=3935