Reversal of ITC when goods sold at a price less than its purchase price

This discussion explores whether Input Tax Credit (ITC) must be reversed when goods are sold at a price lower than their original purchase price. While some suggest reversal under Section 17(2) of the CGST Act, 2017 due to a reduction in supply value, others point to Section 17(5) for specific conditions. The consensus leans towards understanding the nuances of these sections to determine the correct course of action.