Damaged goods
Query (Issue) Started By: – Bharath Kumar Dated:- 26-2-2019 Last Reply Date:- 27-2-2019 Goods and Services Tax – GST
Got 5 Replies
GST
Goods are damaged/expired while receiving by the recipient dealer. Goods are not returned to the supplier but the supplier issues non inventory credit memo at certain percentage as damage compensation purpose.
In this situation what will be the GST impact in all modes ?
Reply By AKReddy andCO:
The Reply:
Damage or expiry should be treated as sales returns only by the supplier and should issue a credit note. It will be a debit note to the receiver of goods. As he up loads the credit note in the GST portal, you have to reverse the ITC if already availed. The experts may please co
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