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TCS is abbreviated form of Tax Collected at Source, exactly where the supplier of Goods or Solutions itself will be collecting the tax from the buyer or recipient.No deduction or recovery of input tax for solutions. The process of improvement need to invariably involve everything that enhances people's capabilities. Beneath State VAT, no credits have been permitted to exempt sectors (Eg: Service Sector) for the inputs.

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I. No. Every single taxable individual who is getting cancellation of registration quantity shall spend the input tax credit on the closing stock of goods

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