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GST - Highlights / Catch Notes

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Reversal of Input Tax Credit - loss arising from manufacturing ...


High Court Rules ITC Reversal for Manufacturing Loss u/s 17(5)(h) of GST Act is Incorrect.

June 28, 2021

Case Laws     GST     HC

Reversal of Input Tax Credit - loss arising from manufacturing process - The reversal of ITC involving Section 17(5)(h) by the Revenue, in cases of loss by consumption of input which is inherent to manufacturing loss is misconceived, as such loss is not contemplated or covered by the situations adumbrated u/s 17(5)(h) of the GST Act - HC

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