Gst
CA Sandeep Singla (Practicing Professional) (49 Points)
11 August 2017
Neha Jain
(Chartered Accountant)
(1085 Points)
Replied 11 August 2017
If ITC already availed on these items than it dhuld be reverse
Vishakha Kejriwal.
(Partner)
(2106 Points)
Replied 12 August 2017
However the procedure for reversal in such cases has not been prescribed under the CGST Act/Rules hence a proportionate credit attributable to such schemes/ gifts etc. need to be determined as attributable and then reversed.