We have purchased Paints of Rs 100 + 18% GST then some reason we scrap the material due to non saleable. Now we are going to sale this mateiral Rs 10 +18% GTS.
1. Is we will have to reverse ITC.
2. What is GST Treatment.
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Gst treatment on goods purchase on 18% itc then goods as a scrap
Replies (3)
No need to revise ITC because you are pay that amount (GST).
Normal GST treatment is needed
1.
Gst is only be reverse if yoh provide it free , so no need to revrse ITC
2.
Only input will be stand in books
Gst is only be reverse if yoh provide it free , so no need to revrse ITC
2.
Only input will be stand in books
Thank You Sir.....
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