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Former Member
Aug 11, 2011 at 06:51 AM

Subsequent reversal of VAT

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Hi

At the time of procurement i took credit for the VAT of Rs.100.

Now after some days, i used this goods for non-manufacturing. Hence as per VAT law, i need to reverse the VAT credit i taken at the time of procurement.

Please help can this VAT credit can be reversed?. I do not want to post just FI entry in FB50 for reversal.

Edited by: Meenu_ND on Aug 11, 2011 2:41 PM