https://www.taxtmi.com/forum/issue?id=120015 Where goods transferred as stock and claimed as ITC are damaged on receipt and returned to the supplying plant by a taxable supply with a tax invoice and IGST paid, the restriction that disallows credit for goods that are destroyed or written off does not apply; there is no revenue loss and the original ITC remains available. However, issuance of a tax credit note by the supplier may necessitate adjustment of ITC, while a non tax financial credit note does not. en-us Thu, 15 May 2025 16:02:42 +0530 Thu, 22 May 2025 16:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120015 Where goods transferred as stock and claimed as ITC are damaged on receipt and returned to the supplying plant by a taxable supply with a tax invoice and IGST paid, the restriction that disallows credit for goods that are destroyed or written off does not apply; there is no revenue loss and the original ITC remains available. However, issuance of a tax credit note by the supplier may necessitate adjustment of ITC, while a non tax financial credit note does not. Discussion-Forum GST Thu, 15 May 2025 16:02:42 +0530 https://www.taxtmi.com/forum/issue?id=120015