Eye Share : GST and its Affinity for all Things Obsolete Inbox

Managing ITC in respect of goods lost, stolen, destroyed or written off is confusing for businesses, as there still exists lack of clarity both in the erstwhile regime as well as the GST era on this issue. The authors Mr. Rohan Muralidharan (Principal Associate, Lakshmikumaran & Sridharan Attorneys) and Ms. Sahana Rajkumar (Senior Associate), enunciate the meaning of written off as the requirement for an asset to be completely removed from the boo...