https://www.taxtmi.com/forum/issue?id=116801 Recoveries by an importer from a foreign supplier via debit note for defective goods are treated as compensation, not consideration, and therefore GST is not applicable; only suppliers ordinarily issue credit/debit notes and foreign suppliers in non taxable territory do not attract GST. The debit note and supporting documents should be submitted to the authorised dealer to adjust foreign payments, and any replacement or free of cost items must be correctly valued and declared to Customs to avoid under valuation and short payment of customs duty. en-us Sat, 17 Oct 2020 12:29:45 +0530 Thu, 23 Jan 2025 15:54:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116801 Recoveries by an importer from a foreign supplier via debit note for defective goods are treated as compensation, not consideration, and therefore GST is not applicable; only suppliers ordinarily issue credit/debit notes and foreign suppliers in non taxable territory do not attract GST. The debit note and supporting documents should be submitted to the authorised dealer to adjust foreign payments, and any replacement or free of cost items must be correctly valued and declared to Customs to avoid under valuation and short payment of customs duty. Discussion-Forum GST Sat, 17 Oct 2020 12:29:45 +0530 https://www.taxtmi.com/forum/issue?id=116801