https://www.taxtmi.com/forum/issue?id=119300 The discussion concludes that ITC is generally available on raw materials sold as scrap where the inputs were acquired in the course or furtherance of business and not lost or destroyed, because sale of scrap constitutes a supply generating output tax and nothing in the GST provisions expressly mandates proportionate denial of ITC in that factual scenario; however, divergent views invoke earlier excise rules, certain advance rulings, or factual distinctions (such as destruction of finished goods) that may lead to different conclusions. en-us Wed, 11 Sep 2024 12:16:07 +0530 Fri, 24 Jan 2025 10:40:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119300 The discussion concludes that ITC is generally available on raw materials sold as scrap where the inputs were acquired in the course or furtherance of business and not lost or destroyed, because sale of scrap constitutes a supply generating output tax and nothing in the GST provisions expressly mandates proportionate denial of ITC in that factual scenario; however, divergent views invoke earlier excise rules, certain advance rulings, or factual distinctions (such as destruction of finished goods) that may lead to different conclusions. Discussion-Forum GST Wed, 11 Sep 2024 12:16:07 +0530 https://www.taxtmi.com/forum/issue?id=119300