https://www.taxtmi.com/forum/issue?id=120029 Whether Input Tax Credit must be reversed where inventory was written off in accounts due to a SAP glitch but later found physically present and sold at reduced or scrap value. One view cites blocked credits for goods written off and notes tax on sale value and the need to justify the bona fide accounting mistake. The other view holds that mere accounting write-offs without actual disposal do not trigger ITC reversal; physical availability, sale intent, and documentary evidence support continued ITC admissibility. en-us Wed, 21 May 2025 12:01:54 +0530 Wed, 21 May 2025 13:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120029 Whether Input Tax Credit must be reversed where inventory was written off in accounts due to a SAP glitch but later found physically present and sold at reduced or scrap value. One view cites blocked credits for goods written off and notes tax on sale value and the need to justify the bona fide accounting mistake. The other view holds that mere accounting write-offs without actual disposal do not trigger ITC reversal; physical availability, sale intent, and documentary evidence support continued ITC admissibility. Discussion-Forum GST Wed, 21 May 2025 12:01:54 +0530 https://www.taxtmi.com/forum/issue?id=120029