ITC Reversal Required for Raw Materials in Finished Goods Destroyed by Fire, Confirms Authority for Advance Rulings.

ITC Reversal Required for Raw Materials in Finished Goods Destroyed by Fire, Confirms Authority for Advance Rulings. https://www.taxtmi.com/highlights?id=72096 Reversal of Input Tax Credit - raw materials purchased are already used in the manufacture of finished goods and the finished goods are destroyed in the fire accident completely - ITC is required to reversed - AAR en-us Tue, 19 Sep 2023 16:12:09 +0530 Tue, 19 Sep 2023 17:45:37 +0530 TaxTMI RSS Generator ITC Reversal Required for Raw Materials in Finished Goods Destroyed by Fire, Confirms Authority for Advance Rulings. https://www.taxtmi.com/highlights?id=72096 Reversal of Input Tax Credit - raw materials purchased are already used in the manufacture of finished goods and the finished goods are destroyed in the fire accident completely - ITC is required to reversed - AAR Highlights GST Tue, 19 Sep 2023 16:12:09 +0530 https://www.taxtmi.com/highlights?id=72096