https://www.taxtmi.com/article/detailed?id=16449 Section 17(5)(h) of the CGST Act blocks ITC on goods lost, stolen, destroyed, written off, or disposed of as gifts or free samples. A mere inventory write-down is only a valuation adjustment and does not amount to a write-off, so it does not by itself trigger ITC reversal. Reversal is linked to actual write-off, destruction, or disposal, while subsequent sale of written-off goods raises an unresolved issue on re-credit, making documentation and conservative classification important. en-us Tue, 19 May 2026 08:18:49 +0530 Tue, 19 May 2026 08:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16449 Section 17(5)(h) of the CGST Act blocks ITC on goods lost, stolen, destroyed, written off, or disposed of as gifts or free samples. A mere inventory write-down is only a valuation adjustment and does not amount to a write-off, so it does not by itself trigger ITC reversal. Reversal is linked to actual write-off, destruction, or disposal, while subsequent sale of written-off goods raises an unresolved issue on re-credit, making documentation and conservative classification important. Articles Goods and Services Tax - GST Tue, 19 May 2026 08:18:49 +0530 https://www.taxtmi.com/article/detailed?id=16449