Reversal Of ITC

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....eversal Of ITC<br> Query (Issue) Started By: - Sundar Manokaran Dated:- 6-8-2014 Last Reply Date:- 8-1-2016 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Dear Sir, I&#39;m a Registered dealer of t....

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....amilnadu and also i&#39;m doing trading activity for the commodity of Tea. I&#39;m a purchasing a Tea from Local Dealers &#64;1&#37; and 5&#37; and availed ITC. After that i am selling the Tea &#64; 5....

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....&#37; Local Sales and CST &#64; 2&#37; with C Form. From 11.11.2013 the TN Gov announced &quot;Reversal of In Excess of 3&#37;&quot;, Sir Please explain how to make a ITC Reversal calculation. Thanks....

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.... and Regs Megha Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether you have got clarified in the above issue? If not please inform.<br> Discussion Forum - Knowledge Sharing ....