under GST what would be a right way to settele things against expiry of pharma product
1. replace expired goods with fresh one free of cost
2.issuing only credit note and reducing liabilities
pl suggest
Expiry settelment (Free goods)
Replies (1)
For expired pharma goods, you should generally issue a credit note to reduce your tax liability. If you are replacing the goods, treat it as a fresh sale with a new tax invoice. Ensure the recipient reverses any ITC they previously claimed on the expired items.
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