https://www.taxtmi.com/forum/issue?id=119371 Whether ITC reversal is required when computers are written off in company books is disputed. Some view Section 17(5)(h) as rendering ITC ineligible for goods written off, while others say Rule 40(2) or the Schedule I deeming provision apply only where there is a factual permanent transfer, disposal or deemed supply. A key practical distinction is between accounting depreciation/write down and an actual disposal; no specific GST mechanism clearly addresses reversal where used capital goods are written off, lost, stolen or destroyed. en-us Wed, 23 Oct 2024 15:44:34 +0530 Fri, 24 Jan 2025 10:40:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119371 Whether ITC reversal is required when computers are written off in company books is disputed. Some view Section 17(5)(h) as rendering ITC ineligible for goods written off, while others say Rule 40(2) or the Schedule I deeming provision apply only where there is a factual permanent transfer, disposal or deemed supply. A key practical distinction is between accounting depreciation/write down and an actual disposal; no specific GST mechanism clearly addresses reversal where used capital goods are written off, lost, stolen or destroyed. Discussion-Forum GST Wed, 23 Oct 2024 15:44:34 +0530 https://www.taxtmi.com/forum/issue?id=119371