https://www.taxtmi.com/notifications?id=118315 The amendment to rule 7 restricts input tax credit on cigarettes by inserting a proviso disallowing credit entirely in one context and adding a sub rule prescribing a reduction formula {(R-2) 100/R} percents where R is the rate of tax. It also amends Form DVAT 16 by adding field A3.7.1 to record tax credit disallowed on account of sales under the Central Sales Tax regime. en-us Thu, 12 Nov 2015 00:00:00 +0530 Tue, 17 Nov 2015 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=118315 The amendment to rule 7 restricts input tax credit on cigarettes by inserting a proviso disallowing credit entirely in one context and adding a sub rule prescribing a reduction formula {(R-2) 100/R} percents where R is the rate of tax. It also amends Form DVAT 16 by adding field A3.7.1 to record tax credit disallowed on account of sales under the Central Sales Tax regime. Notifications VAT - Delhi Thu, 12 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118315