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Turnover Taxability

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(Querist)
03 January 2022 In the Turnover of Pvt Ltd Company there are sundry creditors written off of earlier years

Will there be any GST payable on this or it will be exempt supply ?
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CA Altamush Zafar

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CA Altamush Zafar (Expert)
03 January 2022 It is not a supply. Therefore it will be classified under No supply
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Soumitra Basu

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Soumitra Basu (Expert)
04 January 2022 May be you have written back the amount under the head "Liability no longer required". It will not attract GST




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