Revised Rule 44: Reversal of Input Tax Credit (ITC) now uses market price if tax invoice is unavailable.

Revised Rule 44: Reversal of Input Tax Credit (ITC) now uses market price if tax invoice is unavailable. https://www.taxtmi.com/highlights?id=35693 Rule 44 - Manner of reversal of credit under special circumstances - Reversal of ITC under GST - Sub Rule (2) and (3) substituted - Where tax invoice is not available for reversal, market price of the goods on the effective date of the occurrence of the events will be taken. en-us Wed, 02 Aug 2017 13:04:20 +0530 Wed, 02 Aug 2017 13:04:20 +0530 TaxTMI RSS Generator Revised Rule 44: Reversal of Input Tax Credit (ITC) now uses market price if tax invoice is unavailable. https://www.taxtmi.com/highlights?id=35693 Rule 44 - Manner of reversal of credit under special circumstances - Reversal of ITC under GST - Sub Rule (2) and (3) substituted - Where tax invoice is not available for reversal, market price of the goods on the effective date of the occurrence of the events will be taken. Highlights GST Wed, 02 Aug 2017 13:04:20 +0530 https://www.taxtmi.com/highlights?id=35693