ITC ON GOODS LOST IN FIRE

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nil
46 Points Posted on 27 March 2019
Whether itc will be allowed on goods lost by fire under GST?
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On 27 March 2019 at 18:34 Report
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GST Practitioner & Accounts
15150 Points Posted on 27 March 2019

No , ITC not available  for goods lost in fire  as per section 17(5) (h) of he CGST act 2017 .  

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On 27 March 2019 at 19:19
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GST Practitioner
55067 Points Posted on 27 March 2019
No .... have to reverse the ITC
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On 27 March 2019 at 21:10
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CA Final student
7106 Points Posted on 28 March 2019
agreed with above answers
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On 28 March 2019 at 00:05

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