GST ITC REVERSAL ON SCRAP U/S 17(5)(h) 

GST ITC REVERSAL ON SCRAP U/S 17(5)(h)
This video discusses -
1. Understanding of terms used in Section 17(5)(h)
2. Difference between goods 'destroyed' and 'damaged'
3. Difference between 'Abnormal Loss' and 'Normal Loss'
4. Requirement of Reversal of ITC on Scrap
5. Analysis of Hon'ble Madras HC Decision in the case of ARS Steel
Team Tax Connect