Menu
Damaged stock
gst effect on damaged stock
Replies (3)
As per section 17(5)(h) of the CGST Act, ITC cannot be claimed on the same.
If ITC is already claimed then ITC will need to be reversed i.e will need to be paid.
If ITC is already claimed then ITC will need to be reversed i.e will need to be paid.
Sir due to heavy rain we have lost approx 350000 which was insured example cost is 10rs including gst itc claimed , we have not received from the insurance company with out gst they asked with gst or without gst because of the reversal of itc issues we opted to with out gst . we have not received gst what will be the effect .
ITC cannot be claimed
Recent Topics :
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
- Representative assessee
Related Topics :
CAclubindia
