Please anybody confirm the treatment of expired medicines under GST?
4 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 30 July 2018
GST will be expensed out since u have to dispose those medicines
bijo
(Accountant)
(302 Points)
Replied 30 July 2018
If the same has returned to supplier,shall we get the tax amount from them?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 30 July 2018
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...
Vinod Babu
(24191 Points)
Replied 30 July 2018
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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