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.
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Dear Member, Please Suggest me
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ITC On capital goods query
In gold retail shop (proprietorship) they purchased CC camera can we claim full GST once? they also received rent expmeted (agriculture gooden) rule 42 and 43 apply to these case?
