ITC loss on stock burnt

Lokesh Kallappa (1 Points)

29 June 2019  
Can anyone please advice me on this issue. One of our clients stock was burnt due to fire, the loss was around 27 lakh, now we have to reverse the ITC utilised on that stock, which will amount to 2.7 lakh, but we don't have enough credit in liability ledger, and in 3B we can not show negative figure, please suggest me how should reverse the ITC