Please anybody confirm the treatment of expired medicines under GST?
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Treatment of expired medicines-gst
Replies (4)
GST will be expensed out since u have to dispose those medicines
If the same has returned to supplier,shall we get the tax amount from them?
Please anybody confirm the treatment of expired medicines under GST?
- If You are retailer or whole saler (except manufacturer) then You can return the medicine to Supplier with Debit note.
If the same has returned to supplier,shall we get the tax amount from them?
- Prepare Debit note and Send the medicine to supplier. Also reverse the ITC in Your next return...
- If You are retailer or whole saler (except manufacturer) then You can return the medicine to Supplier with Debit note.
If the same has returned to supplier,shall we get the tax amount from them?
- Prepare Debit note and Send the medicine to supplier. Also reverse the ITC in Your next return...
Follow Raja sir answer.
Prepare debit note and reverse the ITC taken of expired medicine in GSTR3B.
Prepare debit note and reverse the ITC taken of expired medicine in GSTR3B.
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