C Form Recovery

[Kaustubh Karandikar]

For the ‘C Forms’ not received from the customers pertaining to the supplies made prior to GST era, Debit Note is issued in today’ date to the customer for the liability incurred + interest. Is GST required to be paid on it to the govt.?

AI Summary

Debate on GST Applicability for Debit Notes Issued for 'C Forms' Not Received Before GST Implementation A query was raised regarding the issuance of a Debit Note for 'C Forms' not received from customers for supplies made before the implementation of GST. The question was whether GST needs to be paid on the liability and interest mentioned in the Debit Note. One respondent indicated that such actions might attract GST due to liquidity damages or similar reasons. Another participant supported this view, agreeing with the initial response.