https://www.taxtmi.com/forum/issue?id=114612 When goods become non taxable and GST input credit remains unutilised, avoid a direct write off; instead capitalise the credit to inventory cost and perform an impairment test (cost versus net realisable value), or reverse the input credit through the GST portal to regularise the electronic credit ledger and mitigate risk of tax disallowance. en-us Mon, 11 Feb 2019 15:03:39 +0530 Thu, 23 Jan 2025 15:55:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114612 When goods become non taxable and GST input credit remains unutilised, avoid a direct write off; instead capitalise the credit to inventory cost and perform an impairment test (cost versus net realisable value), or reverse the input credit through the GST portal to regularise the electronic credit ledger and mitigate risk of tax disallowance. Discussion-Forum GST Mon, 11 Feb 2019 15:03:39 +0530 https://www.taxtmi.com/forum/issue?id=114612