jalees (B.Com) (24 Points)
21 June 2023When providing Goods Transport Agency (GTA) services to my customer, there may be instances where goods get damaged during transit. In such cases, my customer intends to treat the damaged goods as if they were purchased by us, reducing the amount from the invoice. They plan to issue an invoice reflecting the purchase of the damaged goods and file it for Goods and Services Tax (GST) purposes. Is this treatment correct, and can I claim the GST?
Mithun Pandey
(36 Points)
Replied 21 June 2023
B Durga Prasad
(Student)
(175 Points)
Replied 21 June 2023
No, the treatment of treating the damaged goods as a purchase and issuing an invoice reflecting the purchase for GST purposes is not correct. It is not appropriate to claim GST on the damaged goods in this manner. Instead, handle the damaged goods separately and address any claims or compensation for the loss or damage as per the terms of the transportation agreement or insurance coverage, if applicable.
To learn more about GST Refund Claim click here
For more detailed information, visit Swipe Blog.
RAJA P M
("Do the Right Thing...!!!")
(127240 Points)
Replied 21 June 2023
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 24 June 2023
CAclubindia
