11 June 2020
Sir I want to state that I have sent goods form rajasthan to Bihar via trasport as on 15.02.2020. I have filled my GSTR 1 Return for Feb month and show such sale. Such goods have stolen in transport and due to it goods not reached to bihar. Please guide me what we have to do.
11 June 2020
Goods are damaged before the completion of Supply, so technically goods are in your hand only. You shall amend the Feb GSTR1 in forthcoming R1 for coming periods and reverse the Sale.
12 June 2020
Thanks sir, I agree with you. I want to lodge legal proceedings against transport then also we have to reverse the sale or not. If in legal proceedings advocate ask goods sent bilti and other supporting documents then such R1 is also a proof of goods sent. Please also guide me accounting entry for goods lost
12 June 2020
You need to reverse the Sale in order to comply with the provisions of GST. You will have both- the Original R1, and the Amended R1. Even after reversing the sale, you will have all the invoices, bills, vouchers and other supporting documents with you, which will help you to proceed with the litigation. Journal entry for Goods lost in Transit: Debit: Loss of goods in transit Credit: Stock
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