https://www.taxtmi.com/forum/issue?id=115544 ITC is available only when inputs are used in the course or furtherance of business for taxable outward supplies; goods lost, stolen, destroyed or written off fall within the exclusion requiring reversal of credit under Section 17(5)(h). Practitioners disagree on partially damaged stock: some require reversal, while others argue that sale of such stock with GST charged constitutes an activity in the course of business so reversal is not necessary. en-us Fri, 18 Oct 2019 18:41:59 +0530 Thu, 23 Jan 2025 15:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115544 ITC is available only when inputs are used in the course or furtherance of business for taxable outward supplies; goods lost, stolen, destroyed or written off fall within the exclusion requiring reversal of credit under Section 17(5)(h). Practitioners disagree on partially damaged stock: some require reversal, while others argue that sale of such stock with GST charged constitutes an activity in the course of business so reversal is not necessary. Discussion-Forum GST Fri, 18 Oct 2019 18:41:59 +0530 https://www.taxtmi.com/forum/issue?id=115544