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    GST - ( CREDIT NOTE FOR EXPIRED GOODS )

    Posted By : damini / Published on : 10-Jan-2020 07:27 AM / View : 671 / Comment : 0

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    A pharmacy dealing in medicines had returned some expired goods to the supplier. The supplier has replaced the goods with fresh stock and issued a credit note towards the goods supplied. The supplier reduced the amount of the credit note from fresh bill. The pharmacy has reduced the purchases to the extent of the credit note.No GST has been charged on the credit note. Whether the pharmacy/medical store is required to pay GST on the credit notes received? If not the reason for the same.
    Read more on : goods expired note credit

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