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whether itc will reverse on burning loss or process loss

ITC / Input 800 views 3 replies
Dear sirs.

please clear my doubt regarding burning loss or process loss during the manufacturing process.

whether itc reverse or not

burning loss .5%
Replies (3)
no reversal in this case my friend. kindly refer section 17(5)
ITC need not to be reversed for burning loss during manufacturing. It is a part of manufacturing. This is going to form cost of production.
Okay. thanks for your valuable advice


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