input tax credit
This query is : Resolved
shirish aurora
(Querist)
11 October 2017
i have paid for 100 units of goods .
but received 95 units .
5 units lost in wastage
.
how adjustment will be made in GST ?
CA Rashmi Gandhi
(Expert)
11 October 2017
Issue credit note for same.....
11 October 2017
Sorry to say different answer....
The waste of 5 units is returned to your supplier then you ll give debit note to your supplier...
If it's not returnable and it's based on your business nature. You ll be revise the ITC in return.....
(Wait on Suggestions from CA Rashmi Gandhi)
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CA Rashmi Gandhi
(Expert)
11 October 2017
Very much agreed to Raja PM.
Actually i read the whole query after replying as you already paid the amount then no need to issue debit note.
You have to revisw your ITC in this case.
11 October 2017
No ITC available for lost or destroyed goods.
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