banner_ad

Debit note to vendor for recovery of itc loss

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 August 2021 Dear Experts,
If we are raising debit note to vendor for itc loss recovery. should we also charge gst on it?
Also tell accounting entry.
Is this corrrect entry:
vendor dr.
itc loss recovered cr under duties and taxes
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
20 August 2021 Yes, it's the right entry.
GST not applicable on such recovery.
Profile Image

CA Altamush Zafar

Profile Image

CA Altamush Zafar (Expert)
22 August 2021 If we are charging money for any loss separately then GST applicable.
Profile Image

Lekhraj sood

Profile Image

Lekhraj sood (Expert)
24 August 2021 GST is not applicable as it is not a supply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details