Writing off of stock post GST

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..... Writing off of stock post GST
Query (Issue) Started By: - Aitha RajyaLakshmi Dated:- 1-6-2017 Last Reply Date:- 2-6-2017 Goods and Services Tax - GST
Got 2 Replies
GST
Sir, What are the .....

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..... provisions in respect to write off the stock as on the date of implementation of GST and the stock acquired after the implementation of GST? Reply By Ganeshan Kalyani: The Reply: The corresponding i .....

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..... nput tax credit is required to be reversed. Reply By MUKUND THAKKAR: The Reply: Rule 3(5B) in the Cenvat Credit Rules, 2004, to provide that writing off the value of inputs and capital goods before .....

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..... putting them to use would entail reversal of the full Credit taken on them and that subsequent use of the inputs or capital goods would enable taking the Credit again. The latest Circular (number 907 .....

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..... /27/2009-CX dated December 7, 2009) reiterates this position.
Discussion Forum - Knowledge Sharing .....

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