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of <h1>Nagaland GST Circular: Procedure for Returning Expired Drugs; Use Credit Notes, Reverse ITC if Destroyed by Manufacturer.</h1> The circular from the Commissioner of State Taxes, Nagaland, addresses the procedure for returning time-expired drugs or medicines under the GST laws. Retailers or wholesalers can treat returns as fresh supply, issuing invoices or bills of supply depending on their registration status, or use credit notes for returns. If the goods are destroyed by the manufacturer, Input Tax Credit (ITC) must be reversed. Credit notes can adjust tax liability if issued within the specified timeframe, but not beyond it. The guidance aims to ensure uniform implementation of the law and applies to returns due to other reasons as well.
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