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.
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.
No need to revise ITC because you are pay that amount (GST).
Normal GST treatment is needed
Thank You Sir.....
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