Will input tax be available for goods lost or stolen?
Автор: Fortowl Corporate Strategists
Загружено: 2023-06-16
Просмотров: 36
Описание:
On instances where you have lost goods that you have bought for your business while transporting it or if it was stolen, damaged or if you give it out as free samples, you will not be eligible for input tax credit.
According to GST act,
Stolen goods, Damaged goods and Goods that are being given out as free samples won't be eligible for input tax credit
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