Value of supply

Indirect Taxation

In the example OPL REVERSES the input tax credit of rs 180 but what if... in the example of OPL has not claimed the the input tax credit till date..underlined in blue

Gauri Shete

CA Final

★ 5K+

23-Sep-21 12:45

625

Answers (1)

Reversal of credit will come into picture only if the credit is claimed. If credit is not claimed then there is no question of reversal.

Shiva Teja

Faculty

24-Sep-21 13:24