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GST on ITC reversal recovered from supplier, Goods and Services Tax - GST

Issue Id: - 118450
Dated: 30-3-2023
By:- Kaustubh Karandikar
GST on ITC reversal recovered from supplier

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XYZ availed input tax credit on goods supplied by the supplier. However, details of the corresponding tax invoice were not getting reflected on the GST portal under Return GSTR – 2A / 2B. Therefore, XYZ reversed the input tax credit and the amount of input tax credit reversed was recovered from the supplier through debit note. Is XYZ required to pay GST on the amount recovered from the supplier?

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1 Dated: 31-3-2023
By:- Amit Agrawal

No, in my humble view, with an understanding that amount so recovered as 'reduction in purchase-value' and not 'income' per se.

These are ex facie views of mine and the same should not be construed as professional advice / suggestion.

2 Dated: 1-4-2023
By:- Shilpi Jain

The debit note issued will not be a document as required under the GST law since under GST law DN can be issued by supplier only.

In this case there is no supply by XYZ when it is adjusting the ITC ineligible.

It can at the most be regarded as a reduction in price

Page: 1

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