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        Question 14 - Sometimes goods are destroyed or lost due to various reasons? Can a person take ITC to the extent of such goods?

        Faq On GST (2nd Edition) Dated 31.3.2017
        Chapter 10
        Input Tax Credit

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        Input Tax Credit: not allowed for lost, stolen, destroyed, written-off goods or goods given as gifts. Claiming Input Tax Credit is not permitted for goods lost, stolen, destroyed or written off, and ITC is also disallowed for goods given as gifts or provided as free samples.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Input Tax Credit: not allowed for lost, stolen, destroyed, written-off goods or goods given as gifts.

                                Claiming Input Tax Credit is not permitted for goods lost, stolen, destroyed or written off, and ITC is also disallowed for goods given as gifts or provided as free samples.


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