Gst on amount written off

This query is : Resolved

Kaustubh Ram Karandikar (Querist)
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08 August 2019 XYZ sold material to export customer (non-related party) in 2016 and also the export formalities like filing proof of export has been completed in 2016 only. XYZ not received 15% amount from customers against these materials. The customer is now bankrupt and will not pay this 15% amount. XYZ are in the process of making provisions for bad debts for amount not receivable. After taking approval from bank, they will write off this amount in books of accounts. 1) Whether GST will be applicable on provisions for bad debts for non-related party? 2) Whether GST will be applicable on write off of amounts not receivable from customers. 3) Is proportionate ITC is required to be reversed to the extent of amount not received?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 August 2019 1 Not applicable.
2 Export item GST applicable if no GST paid at the time of export.
3 No reversal if GST paid above.

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