https://www.taxtmi.com/circulars?id=62338 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. en-us Wed, 13 Mar 2019 00:00:00 +0530 Sat, 14 Sep 2019 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62338 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. Circulars GST - States Wed, 13 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62338