https://www.taxtmi.com/forum/issue?id=113167 Supplies of intraocular lenses may be treated as sales on approval basis only if the contract preserves supplier ownership, provides invoicing upon actual consumption or sale by the doctor, and specifies return or repossession of unsold goods; absent those terms routine stocking by doctors requires regular invoicing and supply treatment. Use of delivery challans and clear contractual wording is necessary to evidence dispatch on approval terms and avoid deemed supply treatment. en-us Sat, 09 Dec 2017 09:39:28 +0530 Thu, 23 Jan 2025 15:55:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113167 Supplies of intraocular lenses may be treated as sales on approval basis only if the contract preserves supplier ownership, provides invoicing upon actual consumption or sale by the doctor, and specifies return or repossession of unsold goods; absent those terms routine stocking by doctors requires regular invoicing and supply treatment. Use of delivery challans and clear contractual wording is necessary to evidence dispatch on approval terms and avoid deemed supply treatment. Discussion-Forum GST Sat, 09 Dec 2017 09:39:28 +0530 https://www.taxtmi.com/forum/issue?id=113167