Question 20 – Draft-Bills-Reports – Levy of and Exemption from Tax – FAQ on GST dated 21.9.2016 based on Draft Model GST – Question 20 – Q 20. Whether remission is allowed for goods lost or destroyed before supply? Ans. Remission of tax will apply only when tax is payable as per law i.e. taxable event should have happened and tax is required to be paid as per law. Under GST Law, levy is applicable upon supply of goods. Where goods are lost or destroyed before supply, taxable event does not occu
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