Remission of tax not available where goods are lost or destroyed before occurrence of supply under GST. Remission of tax applies only where a taxable event has occurred; under GST the levy arises on supply of goods. If goods are lost or destroyed before supply, the taxable event does not arise and there is no tax liability to remit.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Remission of tax not available where goods are lost or destroyed before occurrence of supply under GST.
Remission of tax applies only where a taxable event has occurred; under GST the levy arises on supply of goods. If goods are lost or destroyed before supply, the taxable event does not arise and there is no tax liability to remit.
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