https://www.taxtmi.com/forum/issue?id=118406 No specific GST provision deals with used capital goods destroyed by fire; practitioners advise using the pro rata reversal formulas applicable to capital goods as a pragmatic guide, while noting authorities could invoke the exclusion for goods lost, stolen or destroyed to demand full reversal. Treatment may differ if destroyed goods are sold as scrap versus written off without sale, and past excise rulings supporting proportional reversal are cited, but positions remain litigation prone. en-us Mon, 06 Mar 2023 12:26:32 +0530 Thu, 23 Jan 2025 15:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118406 No specific GST provision deals with used capital goods destroyed by fire; practitioners advise using the pro rata reversal formulas applicable to capital goods as a pragmatic guide, while noting authorities could invoke the exclusion for goods lost, stolen or destroyed to demand full reversal. Treatment may differ if destroyed goods are sold as scrap versus written off without sale, and past excise rulings supporting proportional reversal are cited, but positions remain litigation prone. Discussion-Forum GST Mon, 06 Mar 2023 12:26:32 +0530 https://www.taxtmi.com/forum/issue?id=118406