XYZ (India) imported goods from foreign supplier PQR (Associated Company) but the quantity was found short than what was mentioned on the invoice. To the extent of the value of the short supply, XYZ issued Debit Note to PQR (Associated Company) in foreign currency. Is XYZ required to pay GST on the amount recovered?
Kaustubh Karandikar Asked question December 6, 2020
Credit note be issued by PQR. No GST should apply and no supply by XYZ is involved.
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Frah Saeed Changed status to publish December 10, 2020