Self use stock in GST

This discussion clarifies how to handle stock used for personal purposes or within your business operations under GST. For personal use, it's treated as drawings, requiring reversal of any input tax credit (ITC). If stock, like printer ink for a computer service business, is used in providing services, you can claim ITC on its purchase. The stock should be accounted for as an expense, and the ITC claimed against your output tax liability.