Can we issue replacement stock instead of credit note against expiry goods received from our customers
can we reverse input credit on replacement quantity
pl explain under gst act
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Replacement
Replies (4)
No...............
Please elabarate
first you create credit note for return of expiry goods and then make a new invoice for the supply of goods
I THINK I HAVE REPLIED EARLIER ALSO IN THIS REGARD, THE CBEC SPECIFICALLY CLARIFIED BY ISSUING THE CIRCULAR 72/46/2018, DT. 26.10.18, THE WHOLE PROCEDURE TO BE FOLLOW WHEN EXIPRED GOODS BEING RETURN & IT HAS TO BE RETURN/FRESH STOCK ONLY BY ISSUING BILL (BY RECEIPEINT) OR CREDIT NOTE (BY SUPPLIER)
HENCE IF YOU ISSUE THE CNT THEN YOUR ITC WILL BE REVERSE & ONCE YOU ISSUE THE FRESH STOCK YOU HAVE TO RAISE THE BILL FOR THE SAME
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