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Various factors might cause things to be lost or damaged at times. Can a person claim ITC for these items in full?

Question

Various factors might cause things to be lost or damaged at times. Can a person claim ITC for these items in full?

Expert Answer
Answered 25 Nov 2022
1997 views

No, a person cannot claim ITC for items that were stolen, lost, destroyed, or written off. Additionally, ITC with regard to products given as presents or free samples is not permitted.

 

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