Return of time-expired medicines: treat as fresh supply or issue credit notes, with ITC and statutory time-limit rules. Return of time expired drugs may be treated either as a fresh supply-where a registered returner issues an invoice and the recipient may claim ITC subject to Section 16, composition taxpayers issue a bill of supply with no ITC, and unregistered persons issue a commercial document without tax-or by issuance of a credit note under Section 34 with delivery challan for transport; credit note adjustments are permitted only if issued within the time limit in sub section (2) of Section 34 and provided the recipient has not availed ITC or has reversed it, and manufacturers destroying returned goods must reverse ITC under clause (h) of sub section (5) of Section 17.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Return of time-expired medicines: treat as fresh supply or issue credit notes, with ITC and statutory time-limit rules.
Return of time expired drugs may be treated either as a fresh supply-where a registered returner issues an invoice and the recipient may claim ITC subject to Section 16, composition taxpayers issue a bill of supply with no ITC, and unregistered persons issue a commercial document without tax-or by issuance of a credit note under Section 34 with delivery challan for transport; credit note adjustments are permitted only if issued within the time limit in sub section (2) of Section 34 and provided the recipient has not availed ITC or has reversed it, and manufacturers destroying returned goods must reverse ITC under clause (h) of sub section (5) of Section 17.
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