Dear sir/madam,
As per new GST rate rules, if a taxable goods became exempt, ITC on the stock held as on 22.09.2025 is should be reverse. But my question is, If we purchase 5% rate category good for Rs.105.00,(taxable Rs.100 + GST Rs.5) after 22nd that goods became exempt, Now i can't collect GST I should sell it for Rs.100 only. How can i recover the loss of 5%?
CAclubindia
