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Goods destroyed in trasits

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udaipur
58 Points Joined February 2018
I am a supplier of goods.i have issued e way bill and carried out goods on 23.08.2020.
but goods destroyed in transit
does it consider supply or liable to pay tax
pls reply
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On 04 September 2020 at 16:50 Report
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T
405 Points Joined May 2019
U dont have to pay tax but as per section 17 sub section 5 you have to reverse itc on goods destroyed
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On 04 September 2020 at 19:21
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udaipur
58 Points Joined February 2018
It means it's not a supply...
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On 04 September 2020 at 19:54
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online

Finance/Compliance Consultant
61279 Points Joined June 2010
Yes. It's not a supply. As you will be cancelled the Invoice. The recipient has not taken the goods or services. You will also have to claim Insurance on the same, if any.
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On 05 September 2020 at 09:42
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Tax and Business Consultant
11616 Points Joined July 2015
Further, Goods destroyed or stolen or lost – ITC shall not be available as per Sec 17(5)(h)
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On 06 September 2020 at 09:44

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