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
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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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