GST on debit note

[Kaustubh Karandikar]

XYZ exported goods on payment of GST under claim for refund. Against the same supply, now they want to issue Debit Note for rate difference. Whether GST will be applicable on this debit note?

AI Summary

GST on Debit Notes for Export Rate Difference: Applicable but Refundable A query was raised regarding the applicability of GST on a debit note issued by XYZ for a rate difference on exported goods, where GST was initially paid under a refund claim. Three responses were provided. The consensus among the respondents was that GST is applicable to the amount collected via the debit note. However, since the debit note relates to the export of goods, the GST paid can be claimed as a refund. All respondents agreed on this interpretation, emphasizing that the amount is part of the export proceeds.