https://www.taxtmi.com/forum/issue?id=106320 Whether a distributor must reverse Input Tax Credit when expired medicines are returned beyond six months: distributor claimed input credit and paid output tax on sales, retailers returned expired stock to distributor beyond six months who then returned stock to supplier; supplier issued credit notes for basic price without tax adjustment. Advisory opinion: returns after six months do not require reversal of input credit, but seek formal clarification from the VAT authority. en-us Tue, 17 Dec 2013 16:50:07 +0530 Thu, 23 Jan 2025 15:57:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106320 Whether a distributor must reverse Input Tax Credit when expired medicines are returned beyond six months: distributor claimed input credit and paid output tax on sales, retailers returned expired stock to distributor beyond six months who then returned stock to supplier; supplier issued credit notes for basic price without tax adjustment. Advisory opinion: returns after six months do not require reversal of input credit, but seek formal clarification from the VAT authority. Discussion-Forum VAT / Sales Tax Tue, 17 Dec 2013 16:50:07 +0530 https://www.taxtmi.com/forum/issue?id=106320