GST on debit note

This query is : Resolved

Kaustubh Ram Karandikar (Querist)
Follow

09 January 2020 XYZ(India) is participating in an exhibition in Dubai. The Air Fare charges incurred for the same will be reimbursed to XYZ at actuals by EEPC(India) which is a Govt. of India undertaking. For this purpose, XYZ is required to issue a debit note. Is XYZ required to charge GST in the debit note for this transaction?

CA Mohit Bansal

CA Mohit Bansal (Expert)
Follow

09 January 2020 Yes, GST is to be charged on reimbursement of expenses also.

Akash Monwani

Akash Monwani (Expert)
Follow

09 January 2020 The XYZ will get the Input of Air Fare with the help Invoice recieved by XYZ . Now XyZ need to raise a debit note with same taxable amount and GST so that EEPC can take credit of GST .
XYZ will take the Input on basis of Invoice and pay the output on Debit Note effect of GST will be nullified

Upgrade to CAclubindia Pro. Subscribe Now!