Damaged goods treatment
This query is : Resolved
Varaprasad Geddada
(Querist)
14 April 2018
Dear Sir/ Madam,
1. What is the accounting treatment for spoiled and damaged goods under GST?
2. If spoiled /damaged goods are sold as scrap, do we need to charge GST in that sale. Please mention section in ACT on this point.
1. What is the accounting treatment for spoiled and damaged goods under GST?
2. If spoiled /damaged goods are sold as scrap, do we need to charge GST in that sale. Please mention section in ACT on this point.
14 April 2018
You need to charge the GST when you sale as scrap and TCS will applicable.
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