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Reversal of Input Tax Credit - raw materials purchased are ...


ITC Reversal Required for Raw Materials in Finished Goods Destroyed by Fire, Confirms Authority for Advance Rulings.

September 19, 2023

Case Laws     GST     AAR

Reversal of Input Tax Credit - raw materials purchased are already used in the manufacture of finished goods and the finished goods are destroyed in the fire accident completely - ITC is required to reversed - AAR

 

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