TMI BlogGST on Write off of inventory rm wip and fgX X X X Extracts X X X X X X X X Extracts X X X X ..... A company has some RM inventory/ WIP/ FG in stock of pre gst period which is not usable Now it is proposed to write off the the RM/ Inventory/WIP/FG in books and also from inventory Will ITC req ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uired to be reversed on the RM/Inventory/WIP/ FG as per sce 17(5)(h) What will be basis for reversal and how to arrive at reversal amount - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Sin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ce it is proposed to write off the credit shall be reversed. The value of the written off materials/inventory/WIP/finished goods may be taken and proportionate credit may be reversed. - Reply By Gan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eshan Kalyani - The Reply = Yes, the input tax credit proportionate to goods written off need to be reversed. As said by Sri Mariappan Sir the amount of reversal in your books of account to write of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the goods can be taken as basis for reversal of credit. - GST on Write off of inventory rm wip and fg - Query Started By: - Madhavan iyengar Dated:- 12-7-2019 Goods and Services Tax - GST - Got 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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