GST back in Purchase return

This discussion clarifies the Goods and Services Tax (GST) implications for purchase returns of medicines from a wholesaler's perspective. It addresses when GST should be reclaimed on returned medicines, specifically considering expired or broken stock. The advice suggests that Input Tax Credit (ITC) can be claimed on expired medicine returns, but this ITC must be reversed upon destruction of the goods. Settlements can be made via credit/debit notes or equivalent invoices.