Logistic vendor debit

[Bhushan Velhal]

Dear Sir,

Good Morning.

Logistic Transporter was missing of material from his custody, now we need to debit to Logistic Company Invoice Amount (Material + GST) & poor service.

Pls. suggest SAC/HSN code & percentage of GST debit to logistic vendor

Regards

Bhushan

AI Summary

Logistics Vendor Loss: Debit Invoice for Poor Service, Use Credit Notes for Registered/Unregistered Transporters, 5% Tax on GTA. A logistics vendor experienced a loss of materials, prompting the need to debit the invoice amount, including GST, due to poor service. A query was raised about the appropriate SAC/HSN code and GST percentage for this debit. The response advised not to raise an invoice but to inform the transporter of the loss and deduct the amount from their bills. If the transporter is registered and uses forward charge, they should issue a credit note. For unregistered transporters under the reverse charge mechanism, a credit note should be raised against the consignment note with a 5% tax rate on GTA services.