IF GOODS ARE SOLD AT LOSS, THEN THE BALANCE INPUT AVAILABLE COULD BE USED FOR OTHER GOODS OR NOT IN THE SAME BUSINESS? EXAMPLE : BOUGHT FOR 100000 AND PAID 5000 AS GST, AND SOLD AT 50000 AND CHARGED 2500 AS GST, THEN WHAT IS TO BE DONE WITH THE BALANCE 2500.

Reply—The remaining ITC can be used for payment of output tax on supply of any other goods.