25 November 2019
Dear Sir, As we are manufacturing firm for garments. Due to the floods in Mumbai on July 2019, our goods were damaged due to watterlogging at our ware house. We have put insurance claim from the insurance company. After submitting the necessary documents, they told us to reverse the ITC claimed earlier, and to show the reversal document to them. Then only they would pass the insurance claim. Kindly explain the reversal procedure for ITC of GST. to show the same to insurance company. Please reply back immediately. Thanks
CAclubindia
