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ITC on Capital Goods
if a capital goods destroyed after claiming itc then what is treatment of itc
Replies (3)
Please read cgst rule chapter 5th
As per cgst rules itc 5% per quarter have to be reversed .
This reversal itc added to your output tax liability ledger .
This reversal itc added to your output tax liability ledger .
reverse the ITC - BLOCKED CREDITS - SEC 17(5)
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