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of <h1>Input Tax Credit Denied for Lost, Stolen, Destroyed Goods, Gifts, or Free Samples Under Relevant Tax Regulations</h1> A person is not entitled to claim Input Tax Credit (ITC) for goods that are lost, stolen, destroyed, or written off. Additionally, ITC cannot be claimed for goods provided as gifts or free samples. This provision ensures that ITC is only applicable to goods that are utilized for business purposes and not for those that are no longer in possession or given away without charge.
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