https://www.taxtmi.com/forum/issue?id=121030 Where goods invoiced for sale are destroyed in transit, the supplier may issue a credit note to the recipient to nullify the tax liability relating to those goods and raise a debit note on the insurer for recovery of the loss. No GST applies to the insurance settlement. Input tax credit availed in respect of the destroyed goods is required to be reversed. en-us Wed, 15 Jul 2026 18:30:54 +0530 Thu, 16 Jul 2026 19:16:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121030 Where goods invoiced for sale are destroyed in transit, the supplier may issue a credit note to the recipient to nullify the tax liability relating to those goods and raise a debit note on the insurer for recovery of the loss. No GST applies to the insurance settlement. Input tax credit availed in respect of the destroyed goods is required to be reversed. Discussion-Forum GST Wed, 15 Jul 2026 18:30:54 +0530 https://www.taxtmi.com/forum/issue?id=121030