https://www.taxtmi.com/forum/issue?id=118675 Where a tax invoice was issued but goods were lost in transit, the supplier should have reported the supply and discharged output tax; authorities may nonetheless seek tax with interest. The supplier should issue a credit note for non supply to reduce output liability and reverse input tax credit attributable to the lost goods because ITC is blocked when goods are lost, stolen, damaged, or written off. The buyer cannot claim ITC for goods not received. en-us Thu, 03 Aug 2023 16:45:52 +0530 Thu, 23 Jan 2025 14:23:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118675 Where a tax invoice was issued but goods were lost in transit, the supplier should have reported the supply and discharged output tax; authorities may nonetheless seek tax with interest. The supplier should issue a credit note for non supply to reduce output liability and reverse input tax credit attributable to the lost goods because ITC is blocked when goods are lost, stolen, damaged, or written off. The buyer cannot claim ITC for goods not received. Discussion-Forum GST Thu, 03 Aug 2023 16:45:52 +0530 https://www.taxtmi.com/forum/issue?id=118675