reversal of ITC on unused inventory peior to 1 year


15 May 2017 in manufacturing unit. if we have unused stock of raw material prior to 1 year and we avail ITC at the time of purchase. now, in Gst ITC will be reversed?

15 May 2017 If you have already availed credit it will be coming in your return. You can carry forward these credits in your electronic credit register. You don't have t

15 May 2017 You dont have to reverse it.


16 May 2017 thanks sir.



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