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
CAclubindia's WhatsApp Groups Link


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
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details