Input tax credit under Indirect Tax Laws has always been one of the subject matters which invites close attention by taxpayers, revenue, and professionals. The Central Goods and Services Tax Act, 2017 (‘CGST Act’) provides for specific situations wherein a registered person cannot avail input tax credit on various goods and services. One of the situations is that a registered person needs to reverse input tax credit availed on goods ‘destroyed’ or ‘written off’.

In this context, find attached our article titled “ ITC reversal on goods written off or destroyed – A new pandora box under GST !” authored by our Associate Director, Mr. Gaurav Narula and Associate, Mr. Raman Bansal.

ITC reversal on goods written off or destroyed – A new pandora box under GST