Loss of stock by fire
MANIT SINGH (student) (40 Points)
19 February 2020
If the goods are lost due to fire, then are we required to reverse the ITC claimed on those goods?
1 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 19 February 2020
Unfortunately , yes ........need to reverse ITC in term of Section 17(5)
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