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Expiry goods
In medical farm has purchase expiry and sales expiry so how to show them in books... ?????
Replies (5)
Is it medicine ?.
Yes it is medicine
Refer circular No 72 /46 / 2018 -GST Dated 26-10-2018 on CBIC web site .
Circular certifying in respect of Time expired drugs or medicine .
Sir whether expiry purchase return consider as purchase return or direct income and sales expiry return consider as direct expense or sales return in books..????
If you are regular tax payer , As per the above circular 2 Methods have been given
1 ) Issue of fresh Invoice of expired medicine .or
2) Credit Note will be issued by the Supplier , accordingly you have show entries in books of accounts .
please refer Circular in detail .
1 ) Issue of fresh Invoice of expired medicine .or
2) Credit Note will be issued by the Supplier , accordingly you have show entries in books of accounts .
please refer Circular in detail .
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