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GVAT_Updates – Change in rate of reversal of ITC

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Government of Gujarat issued a notification prescribing the Rate of Input Tax Reversals when Pan-Masala, Aerated & Carbonated beverages, Mobile Phones as well as Goods taxed Rate of 20% (Including Additional Tax) or more are Sold / Resold / Consigned / Dispatched outside the State of Gujarat. Please find attached herewith KMS GVAT Update and the relevant notification.