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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