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Categories  >>  Accounting  >>  Taxation
 
 


 

 
 Audit interview questions  Audit Interview Questions
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions
 Taxation interview questions  Taxation Interview Questions
 Accounting General interview questions  Accounting General Interview Questions
 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
i working chemical manufactoring company ,i purchase of raw 
materials for finished good that year was no sales  that 
input is applicable or not , that input carry forward to 
next financial year it is possible or not
 Question Submitted By :: Jai
I also faced this Question!!     Rank Answer Posted By  
 
  Re: i working chemical manufactoring company ,i purchase of raw materials for finished good that year was no sales that input is applicable or not , that input carry forward to next financial year it is possible or not
Answer
# 1
yes you can adjust the input tax with output, means if
output tax payable 20000.00 and your input tax is 10000.00
so u will pay 10000.00 (input minus output) u can also
carry forwad it.
 
Is This Answer Correct ?    5 Yes 2 No
Satendra Rawat
 
  Re: i working chemical manufactoring company ,i purchase of raw materials for finished good that year was no sales that input is applicable or not , that input carry forward to next financial year it is possible or not
Answer
# 2
no it is not passibal 
Is This Answer Correct ?    1 Yes 2 No
Rohit
 
 
 

 
 
 
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