ITC on Goods lost due to fire
This query is : Resolved
CA. Sonali Gupta
(Querist)
12 September 2008
What will be the procedure for input taken on goods which have been lost due to fire occured in the factory....
CA. Sonali Gupta
(Querist)
12 September 2008
reply...
CA. O.P. Agarwalla
(Expert)
15 September 2008
As most of the queriests are doing, you have also not mentioned the name of concerned State.
However, if there is no specific instructions in this regard, it is advisable that you adjust the amount of ITC to be reversed aginst the ITC of the month in which the fire ocurred.
However, if there is no specific instructions in this regard, it is advisable that you adjust the amount of ITC to be reversed aginst the ITC of the month in which the fire ocurred.
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