Does GST needs to be separately paid for inventory write off?? Or Reversal of ITC of inventory written off is sufficient?
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GST on inventory write off
Replies (4)
Quick Summary
Under GST, the requirement to reverse ITC arises only in case of actual write off. No ITC reversal is required where the value of the goods have been partially written down, and provision to write off is made.
There is actual write off of inventory. So whether output GST needs to be paid for inventory write off.
You are just google and writing the answers.
Read rule 3(5b).
itc is reversed.
there are certain interpretation of the law.
Read rule 3(5b).
itc is reversed.
there are certain interpretation of the law.
You need to reverse ITC
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