Manufactured goods of excise regime written off

This query is : Resolved

Kaustubh Ram Karandikar (Querist)
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22 February 2019 XYZ(Manufacturer) had transferred the unutilized CENVAT credit laying in balance as on July’17 to Electronic credit ledger under GST through TRAN – 1. They are holding certain manufactured stocks of excise regime which they now want to write off. Are they required to proportionately reverse the input tax credit since they had transferred the unutilized CENVAT credit through TRAN – 1 from Excise regime To GST regime?

CA.Raghavendra

CA.Raghavendra (Expert)
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24 February 2019 Hi,
As per Sec 17(5) (f) of CGST Act ITC is not Available where goods lost, stolen,destroyed,written off,or disposed of by way of gift or free samples.
hence, Credit has to be reversed