we have send matirial to party unfortunately all matirial was dameged and we claim this amount in insurance company
now we have issue credit note to party so we have reduce liability in GSTR 1 against damaged invoice
this is right or wrong ?
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GST on Damage Matirial
Replies (2)
Dear
By issuing credit Note you have reduced your Output liability not ITC.
Hence Reverse the ITC attributed to Damaged goods.
By issuing credit Note you have reduced your Output liability not ITC.
Hence Reverse the ITC attributed to Damaged goods.
Yes... I fully agreed to Mr Pankaj Rawat Ji view. No need other (2nd) opinion...
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