One of my client has written off amount payable to creditors and book it as income and credited to profit & loss account . Whether he is required to pay GST on that income booked in books , actually this income is written off balance payable to creditors long back. Kindly advice . If it’s effects GST then tell me SAC code and GST RATE.

Reply: This is not supply u/s 7(1) of the CGST Act,2017, therefore, no GST is attracted in such a transaction.