Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Kerala SGST Circular: No Input Tax Credit for Flood-Damaged Goods Per Section 17(5)(h); Reporting and Verification Procedures Outlined.</h1> The circular issued by the Deputy Commissioner of SGST in Mattancherry, Kerala, addresses the impact of recent floods on the business community, highlighting significant damage to goods. It outlines the non-availability of input tax credit for lost or destroyed goods as per section 17(5)(h) and details the procedure for issuing a show cause notice under section 73(1). Taxpayers are advised to report damages using a specified format, and officers are instructed to conduct meetings, send notifications, and verify claims through field visits and cross-referencing with GST data. Further guidance from the Commissionerate is anticipated.