Treatment of stolen goods

This query is : Resolved

VIKRAM SHAHI (Querist)
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20 April 2019 What shall be the status of transaction of supply outward where the whole consignment is stolen in transit and the case is registered (lodged FIR by the recipient) by the respective Police Station. Whether the supplier is liable for the payment of GST and what action is supposed to be taken by the buyer in respect of E Way Bill generated by the supplier and accounting for the above referred to transaction by the buyer. The buyer had to make payment after the receipt of the goods. Please guide.

Amol S Joglekar

Amol S Joglekar (Expert)
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20 April 2019 "The buyer has to make the payment after receipt of goods".....this suggests that place of supply seems to be at buyer's place. Since the goods are NOT delivered, the transaction is NOT liable for GST. (On the contrary, if the place of supply is at seller's place, the transaction shall be deemed to be complete and in that case is liable for payment of GST by the seller)