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
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Answer / satendra rawat
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.
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