Sometimes goods are destroyed or lost due to various reasons? Can a person take ITC to the extent of such goods? https://www.taxtmi.com/acts?id=24477 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. en-us Mon, 03 Apr 2017 15:27:28 +0530 Mon, 03 Apr 2017 15:27:28 +0530 TaxTMI RSS Generator Sometimes goods are destroyed or lost due to various reasons? Can a person take ITC to the extent of such goods? https://www.taxtmi.com/acts?id=24477 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. Act-Rules Bills Mon, 03 Apr 2017 15:27:28 +0530 https://www.taxtmi.com/acts?id=24477