https://www.taxtmi.com/forum/issue?id=112835 Column 7 of Trans1 captures Input Tax Credit reversal amounts related to items in columns 3 and 5. It includes (a) reductions for unreceived concessional inter state declarations where carry forward ITC is lowered by the value of pending forms multiplied by the tax rate differential, and (b) reversals required on stock transfers when states prescribe a percentage of value to be reversed. en-us Mon, 18 Sep 2017 06:35:16 +0530 Thu, 23 Jan 2025 15:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112835 Column 7 of Trans1 captures Input Tax Credit reversal amounts related to items in columns 3 and 5. It includes (a) reductions for unreceived concessional inter state declarations where carry forward ITC is lowered by the value of pending forms multiplied by the tax rate differential, and (b) reversals required on stock transfers when states prescribe a percentage of value to be reversed. Discussion-Forum GST Mon, 18 Sep 2017 06:35:16 +0530 https://www.taxtmi.com/forum/issue?id=112835