Supernovae (SNe) play multiple roles in the cycle of gas and dust of interstellar medium (ISM). Supernovae, the explosion of massive star, synthesise elements and eject them into the ISM. Some of these elements are condensed into dust in SN remnants, thus, now it is believed that SNe can be an important source of dust in the ISM. The role of SNe as a dust source is particularly highlighted towards high redshift (z>6) galaxies, where low- and intermediate-mass stars have insufficient time to evolve into the asymptotic giant branch (AGB) phase, when dust grains can be formed, thus, SNe can be dominant source of dust in high redshift galaxies. In contrast, historical picture of supernovae is dust destroyer: explosion of supernova ejects fast (1000-10000 km s-1) expanding gas, and the collision of the fast expanding gas with ambient ISM material triggers shocks, destroying existing ISM dust. I will review the current status of our understanding of these three aspects (elemental synthesis, dust formation and dust destruction) of SNe.