Return of expired medicines: treat as fresh supply with ITC consequences or issue a credit note with time limit effects. Provides two alternative procedures for return of time expired drugs: treat the return as a fresh supply (registered non composition issuers invoice and recipient may claim ITC; composition taxpayers issue bill of supply with no ITC to recipient; unregistered persons use a commercial document), with manufacturer required to reverse ITC on destruction of returned goods; or process the return by issuing a credit note, where adjustment of tax liability and portal upload depend on whether the credit note is issued within the statutory time limit, and where ITC reversal rules apply if goods are destroyed.
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 expired medicines: treat as fresh supply with ITC consequences or issue a credit note with time limit effects.
Provides two alternative procedures for return of time expired drugs: treat the return as a fresh supply (registered non composition issuers invoice and recipient may claim ITC; composition taxpayers issue bill of supply with no ITC to recipient; unregistered persons use a commercial document), with manufacturer required to reverse ITC on destruction of returned goods; or process the return by issuing a credit note, where adjustment of tax liability and portal upload depend on whether the credit note is issued within the statutory time limit, and where ITC reversal rules apply if goods are destroyed.
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