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of <h1>Section 44 of MGL: Tax Treatment for Goods Returned Within Six Months Matches Initial Input Tax Credit.</h1> Explanation to Section 44 of the Model Goods and Services Tax (MGL) provides for the tax treatment of goods returned by the recipient. If goods received as an inward supply are returned to the supplier within six months from the date of the relevant invoice, the tax payable on such supplies will match the input tax credit initially availed. If goods are returned after this six-month period, the applicable tax rate will be the rate prevailing on the date of return. This provision ensures alignment of tax liability with the original supply conditions when goods are returned within the specified timeframe.
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