https://www.taxtmi.com/forum/issue?id=118479 Dispute centers on whether ITC must be reversed when WIP or finished/intermediary goods are lost by fire. One approach requires reversing ITC attributable to inputs consumed in WIP, estimated via BOQ or WIP accounting and applying a GST percentage to stock. Another view argues no reversal where originally claimed inputs were not destroyed and no statutory method exists for apportioning ITC in such losses. en-us Thu, 13 Apr 2023 10:28:34 +0530 Thu, 23 Jan 2025 15:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118479 Dispute centers on whether ITC must be reversed when WIP or finished/intermediary goods are lost by fire. One approach requires reversing ITC attributable to inputs consumed in WIP, estimated via BOQ or WIP accounting and applying a GST percentage to stock. Another view argues no reversal where originally claimed inputs were not destroyed and no statutory method exists for apportioning ITC in such losses. Discussion-Forum GST Thu, 13 Apr 2023 10:28:34 +0530 https://www.taxtmi.com/forum/issue?id=118479