05 October 2021
The supplier can issue a credit note where the goods are returned back by the recipient as per Section 34(1) of CGST Act, 2017. The manufacturer or the wholesaler who has supplied the goods to the wholesaler or retailer, as the case may be, has the option to issue a credit note in relation to the time expired goods returned by the wholesaler or retailer. The retailer or wholesaler may return the time expired goods by issuing a delivery challan. The time expired goods, which have been returned by the retailer/wholesaler, are destroyed by the manufacturer, he/she is required to reverse the ITC attributable to the manufacture of such goods.
05 October 2021
Supplier can issue credit note, take the delivery of goods sent by recipient, reduce the GST liability in his returns. And when the expired goods are destroyed, he would be required to reverse the ITC availed on inputs used for supply of such destroyed goods.
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