https://www.taxtmi.com/circulars?id=61440 Registered persons (other than composition taxpayers) may return time expired goods as a return supply by issuing an invoice and allowing the recipient to claim ITC subject to Section 16; composition taxpayers must issue a bill of supply with no ITC available to the recipient; unregistered persons may use a commercial document without charging tax. Alternatively, suppliers may issue credit notes under Section 34: if within the statutory time limit tax liability can be adjusted provided recipient has not availed or has reversed ITC; if beyond the time limit, adjustment and portal reporting are not permitted. Destruction of returned goods triggers ITC reversal rules specific to the method used. en-us Wed, 14 Nov 2018 00:00:00 +0530 Tue, 11 Jun 2019 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61440 Registered persons (other than composition taxpayers) may return time expired goods as a return supply by issuing an invoice and allowing the recipient to claim ITC subject to Section 16; composition taxpayers must issue a bill of supply with no ITC available to the recipient; unregistered persons may use a commercial document without charging tax. Alternatively, suppliers may issue credit notes under Section 34: if within the statutory time limit tax liability can be adjusted provided recipient has not availed or has reversed ITC; if beyond the time limit, adjustment and portal reporting are not permitted. Destruction of returned goods triggers ITC reversal rules specific to the method used. Circulars GST - States Wed, 14 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61440