Hi Friends,
In one of our showroom due to flood we incurred loss of goods. Later received insurance claim. What will be GST impact?
On loss of goods do we need to reverse GST? Or on receipt of Insurance we need to do something?
Loss of Goods in Flood and insurance claim
Abhishek Ranka (Accounts and Tax Manager) (62 Points)
31 March 2021
CAclubindia
