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Due to a fire accident certain quantity of inputs received has got destroyed. Am I required to reverse the credit taken?

April 26, 2017Accident certain credit destroyed GOT inputs quantity received reverse

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Due to a fire accident certain quantity of inputs received has got destroyed. Am I required to reverse the credit taken?

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Yes. You have to reverse the credit taken on the inputs destroyed by fire. 44. I am running a pharmaceutical industry. We receive bottles for packing.