If the goods including Raw material and semi finished and finished goods has been destroyed due to fire how we have to reverse the ITC according to Section 17(5) of CGST Act.

Reply—Clause (h) of sub-section (5) of section 17of the CGST Act provides that ITC shall not be available in respect of goods lost, Stolen, destroyed, written off or disposed of by way of Gift or free samples. Provision of reversal is given under Rule 42 of CGST Rules