https://www.taxtmi.com/circulars?id=61283 Explains two procedures for returning time expired drugs under the NGST Act: (1) treat the return as a fresh supply with an invoice (registered persons) or a bill of supply (composition taxpayers) or a commercial document (unregistered persons), permitting recipient ITC subject to Section 16 and requiring ITC reversal where returned goods are destroyed; and (2) process the return via a credit note, with tax adjustment and portal upload permitted only if issued within the statutory time limit, while late credit notes cannot adjust tax and need not be uploaded. en-us Fri, 26 Oct 2018 00:00:00 +0530 Sat, 01 Jun 2019 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61283 Explains two procedures for returning time expired drugs under the NGST Act: (1) treat the return as a fresh supply with an invoice (registered persons) or a bill of supply (composition taxpayers) or a commercial document (unregistered persons), permitting recipient ITC subject to Section 16 and requiring ITC reversal where returned goods are destroyed; and (2) process the return via a credit note, with tax adjustment and portal upload permitted only if issued within the statutory time limit, while late credit notes cannot adjust tax and need not be uploaded. Circulars GST - States Fri, 26 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61283