https://www.taxtmi.com/article/detailed?id=7760 Section 17(5)(h) denies input tax credit in respect of goods lost, stolen, destroyed or written off, which targets denial where the inputs or capital goods themselves are affected. The authors conclude that ITC legitimately availed on inputs consumed in manufacture cannot be reclaimed absent a specific statutory or regulatory provision; no such reversal provision exists in the GST Rules. Because GST liability is linked to supply (and theft or fire are not supply), reversal for input content of destroyed finished goods cannot be demanded without express legal authority. en-us Sat, 09 Dec 2017 13:06:51 +0530 Sat, 09 Dec 2017 13:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7760 Section 17(5)(h) denies input tax credit in respect of goods lost, stolen, destroyed or written off, which targets denial where the inputs or capital goods themselves are affected. The authors conclude that ITC legitimately availed on inputs consumed in manufacture cannot be reclaimed absent a specific statutory or regulatory provision; no such reversal provision exists in the GST Rules. Because GST liability is linked to supply (and theft or fire are not supply), reversal for input content of destroyed finished goods cannot be demanded without express legal authority. Articles Goods and Services Tax - GST Sat, 09 Dec 2017 13:06:51 +0530 https://www.taxtmi.com/article/detailed?id=7760