Goods and Services Tax

List of registered persons of the State/UT who have adjusted SGST/ UTGST liability from ITC of IGST
GST STL – 01.03
GST
Report GST STL – 01.03
List of registered persons of the State/UT who have adjusted SGST/ UTGST liability from ITC of IGST
(for col. 4 of 01.01)
[Sec 18 of IGST Act]
State/UT –
Year –
Month –
(Amount in Rs.)
Sr. No.
GSTIN
Trade name (Legal name, if not available)
Category of cross-utilization (Returns/Other than returns)
ARN/ SGST/UTGST Demand id
ARN
T

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List of registered persons of the State/UT who have adjusted IGST liability from ITC of SGST/ UTGST and CGST
GST STL – 01.02
GST
Report GST STL – 01.02
List of registered persons of the State/UT who have adjusted IGST liability from ITC of SGST/ UTGST and CGST
(for col. 3 of 01.01& 02.01)
[Sec 53 of CGST/SGST Act]
State/UT –
Year –
Month –
(Amount in Rs.)
Sr. No.
GSTIN
Trade name (Legal name, if not available)
Category of cross-utilization (Returns/Other than returns)
ARN

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Statement of transfer of funds between Centre and State/UT based on returns, other than returns and information received from Customs authorities
GST STL – 01.01
GST
Report GST STL – 01.01
Statement of transfer of funds between Centre and State/UT based on returns, other than returns and information received from Customs authorities
[Sec 17 and 18 of IGST Act and Sec 53 of CGST/SGST Act]
State/UT –
Year –
Month -/ All
(Amount in Rs.)
Sr. No.
Month
IGST liability adjusted against SGST/ UTGST ITC (including cross utilization by ISD)
SGST/ UTGST liability adjusted against IGST ITC
SGST/ UTGST portion of IGST collected on B2C supplies including ISD distribution to unregistered unit, exports and supplies to SEZ
SGST/ UTGS

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Other provisions
Rule 11
GST
Goods and services Tax Settlement of funds Rules, 2017.
Goods and services Tax Settlement of funds Rules, 2017.
11. Other provisions.-
(1) Issue of provisional sanction order for each month- (a) The Principal Chief Controller of Accounts shall maintain a login based Centralized Accounting portal which shall be accessible to State accounting authorities, Central Board of Excise and Customs and State taxation authorities.
(b) on the receipt of above ledgers, the Principal Chief Controller of Accounts shall calculate the net payment to be made from Integrated Goods and Services Tax account to each State or vice versa and shall upload a State-wise summary of the same on the Centralized Accounting portal within three working days of receipt of the data from Goods and Services Tax Network. Thereafter based on uploading of this data a provisional sanction order for the month shall be issued by Department of Revenue as per the procedure laid down i

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h.
(c) Based on the revised calculation received from Goods and Services Tax Network and after having reconciled the discrepancy referred to in sub clause (a) and (b), in case any changes have been made with respect to any State, the Principal Chief Controller of Accounts shall calculate the net payment to be made from Integrated Goods and Services Tax account to each State or vice versa and shall upload a final Statewise summary of the same on the Centralised Accounting portal within three days of receipt of the revised data from Goods and Services Tax Network and based on uploading of this data a final sanction order for the month shall be issued by Department of Revenue as per the procedure laid down below-
(i) the Centralized Accounting Portal of Central Accounting Authority shall be used by the Department of Revenue, Ministry of Finance to download the details of the State-wise fund settlement with States.
(ii) a designated officer in the Department of Revenue shall issue the

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sed system.
(vii) as the sanction letter will also contain the details of settlement, it shall be available in records of State Government for future reconciliation and audit purposes.
(viii) State Governments shall come to know about the fund being transferred by Centre through the sanction.
(ix) Copy of sanction shall also be endorsed to concerned State Accountant General.
(x) The Central Accounting Authority shall generate an Inter Government Advice on the basis of Sanction received from Department of Revenue and send it to Reserve Bank of India [Central Accounts Section, Nagpur] electronically within three days of issue of sanction order.
(xi) Reserve Bank of India shall make the necessary fund settlement between the Consolidated Fund of India and the Consolidated Fund of States of the respective State, on the basis of electronic Inter Government Advice; generate the 'Clearance Memo' and transmit the same to Central Accounting Authority and State Accounting Authorities an

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Report relating to Consolidated Settlement Register for each State and Union Territory and for the Centre
Rule 10
GST
Goods and services Tax Settlement of funds Rules, 2017.
Goods and services Tax Settlement of funds Rules, 2017.
10. Report relating to Consolidated Settlement Register for each State and Union Territory and for the Centre.-
(1) A monthly consolidated settlement register for each State and Union Territory, in FORM GST STL 07.01 shall be sent and this register shall

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Report relating to recovery of various taxes from refunds.
Rule 9
GST
Goods and services Tax Settlement of funds Rules, 2017.
Goods and services Tax Settlement of funds Rules, 2017.
9. Report relating to recovery of various taxes from refunds.-
Report of settlement arising between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax) on account of recovery of any tax, interest, penalty, fees or any other amount from refund, as provided in sub-section (10) of

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Report relating to reduction of amount to be apportioned to Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax) due to Integrated Tax apportioned earlier but subsequently refunded.
Rule 8
GST
Goods and services Tax Settlement of funds Rules, 2017.
Goods and services Tax Settlement of funds Rules, 2017.
8. Report relating to reduction of amount to be apportioned to Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax) due to Integrated Tax apportioned earlier but subsequently refunded.-
The details relating to reduction of amount to be apportioned to Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax), in a particular month due to Integrated Tax apportioned earlier but subsequently refunded as provided for in sub-section (5) of section 17 of the Integrated Goods and Services Tax Act, in FORMS GST STL 05.01 to GST STL – 05.12 shall be sent for each State and Union Territory, as follows-
(a) a monthly Sta

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t as per section 17 of Central Goods and Services Tax Act, State Goods and Services Tax Act and section 21 of Union Territory Goods and Services Tax Act. The tax liability which was subsequently reduced due to issuance of credit notes or Input Services Distributor Credit notes to taxpayers for the said supply, as provided under sections 20 and 34 of the Central Goods and Services Tax Act and the Goods and Services Tax Act of the concerned State (or section 21 of the Union Territory Goods and Services Tax Act), in FORM GST STL 05.02.
Note: The summary of reduction in amount to be credited to State tax or Union Territory tax and Central tax shall be reflected at S.No.1 of FORM GST STL 5.01;
(ii) list of registered taxpayers who had paid Integrated Tax and the said Integrated Tax was already apportioned as the supply was made to composition dealers, and whose tax liability was subsequently reduced due to issuance of credit notes to composition taxpayers, as provided under sections 10

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list of registered taxpayers who had paid Integrated Tax and the said Integrated Tax was already apportioned, and whose demand was subsequently reduced due to refund of amount deposited for filing appeal and interest thereon, as provided under sections 107 and 112 of the Central Goods and Services Tax Act and the State Goods and Services Tax Act (or section 21 of the Union Territory Goods and Services Tax Act) leading to reduction in Integrated Tax to be apportioned, in FORM GST STL 05.05.
Note: The summary of reduction in amount to be credited to State tax or Union Territory tax and Central tax shall be reflected at S.No.4 of FORM GST STL 5.01;
(v) list of registered taxpayers from whom Integrated Tax was recovered with interest due to non-acceptance of a supply, by a supplier, and the input tax credit of the buyer was reversed with interest as provided under sections 42 and 43 of the Central Goods and Services Tax Act and the Goods and Services Tax Act of the concerned State (or

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al tax shall be reflected at S.No.6 of FORM GST STL 5.01;
(vii) list of registered taxpayers where Integrated Tax recovered under section 79 of Central Goods and Services Tax Act and State Goods and Services Tax Act (or section 21 of Union Territory Goods and Services Tax Act) or paid consequent to a demand raised by the proper officer is apportioned, and the demand is subsequently reversed by appeal order, as provided under sections 107,112, 113, 117 and 118 of the Central Goods and Services Tax Act and the Goods and Services Tax Act of the concerned State (or section 21 of the Union Territory Goods and Services Tax Act), leading to reduction in Integrated Tax to be apportioned in FORM GST STL 05.08.
Note: The summary of reduction in amount to be credited to State tax or Union Territory tax and Central tax shall be reflected at S.No.7 of FORM GST STL 5.01;
(viii) list of registered taxpayers where the liability of payment of Integrated Tax is reduced due to an amendment in the a

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Report relating to apportionment of Integrated Tax amount, where place of supply could not be determined or taxable person making such supply is not identifiable, between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax).-
Rule 7
GST
Goods and services Tax Settlement of funds Rules, 2017.
Goods and services Tax Settlement of funds Rules, 2017.
7. Report relating to apportionment of Integrated Tax amount, where place of supply could not be determined or taxable person making such supply is not identifiable, between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax).-
The details relating to the apportionment of Integrated Tax to State (State Tax) or Centre (Union Territory Tax)

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Report relating to apportionment of Integrated Tax recovered against demand, compounding amount paid and amount deposited for filing appeal between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax).
Rule 6
GST
Goods and services Tax Settlement of funds Rules, 2017.
Goods and services Tax Settlement of funds Rules, 2017.
6. Report relating to apportionment of Integrated Tax recovered against demand, compounding amount paid and amount deposited for filing appeal between Centre (Central Tax) and State (State Tax) or Centre (Union Territory Tax).-
The details for a particular month relating to recoveries of Integrated Tax, and the interest and penalty thereon on the basis of a demand order, or compoundin

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showing a summary of amount recovered as Integrated Tax, and the interest and penalty thereon, or compounding amount, or deposited for filing appeal, to be apportioned to State (State Tax) or Centre (Union Territory Tax), and to Centre (Central Tax), in FORM GST STL 03.01;
(b) list of registered persons in a State or Union territory from whom recovery of Integrated Tax has been made with interest and penalty thereon, or compounding amount against demand, or amount deposited for filing appeal of the Integrated Goods and Services Tax Act as provided for in sections 79, 107, 112 and 138 of the Central Goods and Services Tax Act and the State Goods and Services Tax Act of the concerned State and section 21 of the Union Territory Goods and Ser

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Report of Cross-Utilisation and Apportionment of Integrated Tax between Centre (Integrated Tax) and Centre (Central Tax).
Rule 5
GST
Goods and services Tax Settlement of funds Rules, 2017.
Goods and services Tax Settlement of funds Rules, 2017.
5. Report of Cross-Utilisation and Apportionment of Integrated Tax between Centre (Integrated Tax) and Centre (Central Tax).-
The details relating to the transfer of funds between Centre (Integrated Tax) and Centre (Central Tax) to be made in a particular month relating in FORMS GST STL 02.01 to GST STL – 02.02, are as follows:
(a) a monthly consolidated statement containing State-wise details in FORM GST STL – 02.01 containing the month-wise details relating to the total amount to b

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Report of Cross-Utilisation and Apportionment of Integrated Tax between Centre (Integrated Tax) and State (State Tax) or Central (Integrated Tax) and Centre (Union Territory Tax)
Rule 4
GST
Goods and services Tax Settlement of funds Rules, 2017.
Goods and services Tax Settlement of funds Rules, 2017.
4. Report of Cross-Utilisation and Apportionment of Integrated Tax between Centre (Integrated Tax) and State (State Tax) or Central (Integrated Tax) and Centre (Union Territory Tax).-
(1) The details relating to the transfer of funds to be made between Centre (Integrated Tax) and State (State Tax) or Centre (Integrated Tax) and Centre (Union territory Tax) shall be sent by Goods and Services Tax Network to the Authorities, in FORMS GST STL 01.01 to GST STL – 01.12, for each State and Union Territory, as follows-
(a) a monthly Consolidated statement for each State in FORM GST STL – 01.01 containing the details referred to in clause (b) relating to the total amount to be tra

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nder section 53 of the Central Goods and Services Tax Act and the State Goods and Services Tax Act, or section 21 of the Union Territory Goods and Services Tax Act (including cross utilisation by Input Service Distributor), as the case may be, in FORM GST STL – 01.02.
Note: The summary of Integrated Tax paid from the input tax credit of Central Tax and from the input tax credit of State Tax or Union Territory Tax shall be reflected in column 3 of FORMS GST STL 1.01 and 2.01 respectively;
(ii) list of registered persons of the State or Union territory who have adjusted liability of State Tax or Union Territory Tax, as the case may be, from the input tax credit of Integrated Tax, as provided under section 18 of the Integrated Goods and Services Tax Act, in FORM GST STL – 01.03.
Note: The summary of State Tax/Union Territory Tax paid from the input tax credit of the Integrated Tax shall be reflected in column 4 of FORMS GST STL 1.01;
(iii) list of registered persons or unregistered pe

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tion Number holders of the State, in FORM GST STL – 01.05.
Note: The summary of Integrated Tax to be apportioned as State Tax or Union Territory Tax and Central Tax portion of Integrated Tax from this statement shall be reflected in column 6 of both FORM GST STL 1.01 and FORM GST STL 2.01, respectively;
(c) list of registered persons of other State or Union Territory who have made inter-State inward supplies for which input tax credit is declared as ineligible as provided for in section 17 of the Central Goods and Services Tax Act and State Goods and Services Tax Act and section 21 of the Union Territory Goods and Services Tax Act, or whose Integrated tax input tax credit has lapsed due to opting into composition scheme as provided for in sub-section (4) of section 18 of the Central Goods and Services Tax Act and State Goods and Services Tax Act or whose input tax credit of Integrated tax has lapsed due to cancellation of registration, in FORM GST STL – 01.06.
Note: The summary of I

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espectively;
(f) list of registered persons in a State or Union Territory who have made imports, on which input tax credit is declared as ineligible as provided for in section 17 of the Central Goods and Services Tax Act and State Goods and Services Tax Act and section 21 of the Union Territory Goods and Services Tax Act, in FORM GST STL – 01.10.
Note: The summary of Integrated Tax to be apportioned to State Tax or Union Territory Tax and Central Tax from this statement shall be reflected in column 11 of both FORM GST STL 1.01 and FORM GST STL 2.01, respectively;
(g) list of registered persons in a State or Union Territory who have paid interest on Integrated Tax, in FORM GST STL – 01.12.
Note: The summary of Integrated Tax to be apportioned as State Tax or Union Territory Tax and Central Tax from this statement shall be reflected in column 13 of both FORM GST STL 1.01 and FORM GST STL 2.01, respectively;
(iv) the following reports containing GSTIN-wise, State-wise details pertain

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Electronic transmission of the Reports.
Rule 3
GST
Goods and services Tax Settlement of funds Rules, 2017.
Goods and services Tax Settlement of funds Rules, 2017.
3. Electronic transmission of the Reports.-
(1) The Goods and Services Tax Network shall transmit reports electronically to the Authorities as provided hereunder.
(2) The Reports, as referred to in sub-rule (1) shall be submitted-
(a) by 25th of the month in which Goods and Services Tax returns are submitted, in case

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Definitions
Rule 2
GST
Goods and services Tax Settlement of funds Rules, 2017.
Goods and services Tax Settlement of funds Rules, 2017.
2. Definitions.- (1) (a) “Authorities” means the Board, State Tax Nodal Authority, Principal Chief Controller of Accounts, Central Board of Excise and Customs and State Accounting Authorities of the respective States;
(b) “Board” means the Central Board of Excise and Customs constituted under the Central Boards of Revenue Act, 1963;
(c) “Government” means the Central Government;
(d) “input tax credit” means the credit of input tax;
(e) “registered person” means a person who is registered under section 25 of the Central Goods and Services Tax Act, 2017, but does not include a person having

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Short Title and Commencement
Rule 1
GST
Goods and services Tax Settlement of funds Rules, 2017.
Goods and services Tax Settlement of funds Rules, 2017.
MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 27th July, 2017
G.S.R. 964(E).-In exercise of the powers conferred by section 53 read with section 17 of the Central Goods and Services Tax Act, 2017 (12 of 2017), section 17 and 18 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017) and section

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How Will GST Work For Me
Query (Issue) Started By: – King Dranzer Dated:- 29-7-2017 Last Reply Date:- 29-7-2017 Goods and Services Tax – GST
Got 3 Replies
GST
I want to start a PC assembly business. How will GST work for me. I will have to get the components from a wholesale distributor assemble them and then sell it. In this case will the GST be applied twice once when I buy it from distributor and again when I sell it. Or will the GST that we paid to retailer be returned to us when we sale the item to consumer. Will the GST be applied at different levels or will it only be applied at single level.
Lets say the price of components is 20,000 on which distributor is adding 18% GST which makes it 23,600. When I sale it should I

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of CGST/SGST or IGST as the case may be. While discharging GST on your sale price say on Rs, 25000/-, your total GST liability would be ₹ 4500/- . You can pay it by debiting ₹ 3600/- from Credit account and paying balance in cash. However you cannot adjust credit of CGST against SGST and vice versa.
Reply By King Dranzer:
The Reply:
That 20,000 is excluding the 18%GST that distributor will be including. So the PC cost will be 23,600.
Reply By MADAN RAHEJA:
The Reply:
₹ 3600/- will be available to you as a Credit for paying GST on your sale price. Hence net GST payable by you would be on the value addition, while you would charging 18% GST on your full sale price. In the aforesaid example of basic sale price of ₹

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WHAT IS THE RATE OF GST IN HAND TOOLS & IMPLEMENTS FOR GOLDSMITH.
Query (Issue) Started By: – NITISH DAS Dated:- 29-7-2017 Last Reply Date:- 7-7-2018 Accounting – Auditing
Got 3 Replies
Companies Law
A DEALER IS MAKING HAND TOOLS & IMPLEMENTS WHICH IS REQUIRED FOR MAKING GOLD ORNAMENTS IN HIS HOWRAH FACTORY AT WEST BENGAL.
MY QUESTING IS WHAT WILL BE THE GST HE WILL IMPOSED IN HIS SALES INVOICE ?
Reply By MADAN RAHEJA:
The Reply:
I think it should be 18% IGST for inter-state supp

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ORDER OF RELEASE OF GOODS/ THINGS OF PRISHABLE OR HAZARDOUS NATURE
GST INS – 05
GST
FORM GST INS-05
ORDER OF RELEASE OF GOODS/ THINGS OF PRISHABLE OR HAZARDOUS NATURE
[See rule 141(1)]
Whereas the following goods and/or things were seized on __/__/____ from the following premise(s):
<

>
which is/are a place/places of business/premises belonging to:
<>
<>
Details of goods seized:
Sr. No
Description of goods
Quantity or

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Order for rejection / allowance of compounding of offence
GST CPD – 02
GST
FORM GST CPD-02
[See rule 162(3)]
Reference No:
Date:
To
GSTIN/ID
Name
Address
ARN – Date –
Order for rejection / allowance of compounding of offence
This has reference to your application referred to above. Your application has been examined in the department and the findings are as recorded below:
<< text >>
__I am satisfied that you fulfil the requirements to be allowed to compound the offences in respect of the offences stated in column (2) of the table below on payment compounding amount indicated in column (3):
1[Sr. No.
Offence
Act
Compounding amount (Rs.)
(1)
(2)
(3)
(4)
Note:- (1) In case the offence committed by the taxable

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Application for Compounding of Offence
GST CPD – 01
GST
FORM GST CPD-01
[See rule 162(1)]
Application for Compounding of Offence
1.
GSTIN / Temporary ID
2.
Name of the applicant
3.
Address
4.
The violation of provisions of the Act for which prosecution is instituted or contemplated
5.
Details of adjudication order/notice
Reference Number
Date
Tax
Interest
Penalty
Fine, if any
6.
Brief facts of the case and particulars of the offence (s) charged:
7.
Whether this is

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Continuation of Recovery Proceedings
GST DRC – 25
GST
FORM GST DRC – 25
[See rule 161]
Reference No << >>
<< Date >>
To
GSTIN –
Name
Address
Demand Order No.: Date:
Reference number of recovery: Date:
Period:
Reference No. in Appeal or Revision or any other proceeding – Date:
Continuation of Recovery Proceedings
This has reference to the initiation of recovery proceedings against you vide above referred recovery reference number for a sum of Rs.…………………..
The Appellate/Revisional authority/ 2[Adjudicating authority or Appellate authority under Insolvency & Bankruptcy Code/] Court …………….…… << name of authority/Court>> ha

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Intimation to Liquidator for recovery of amount
GST DRC – 24
GST
FORM GST DRC-24
[See rule 160]
To
The Liquidator/ Receiver,
–
Name of the taxable person:
GSTIN:
Demand order No.: Date: Period:
Intimation to Liquidator for recovery of amount
This has reference to your letter <>, giving intimation of your appointment as liquidator for the <> holding <>. In this connection, it is informed that the said company owes / likely to owe the following amount to the State / Central Gover

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EXPORT PROCEEDURE UNDER GST
Query (Issue) Started By: – BIJU CHACKO Dated:- 29-7-2017 Last Reply Date:- 13-8-2017 Goods and Services Tax – GST
Got 4 Replies
GST
OUR LAST YEAR EXPORT WAS ABOVE 1 CRORE. WE WANT TO KNOW APPLICABILITY OF DOCUMENTS UNDER GST. CA ATTESTED LUT BOND AND BANK GUARANTEE REQUIRED ???. BOTH ARE REQUIRED OR SINGLE BANK GUARANTEE REQUIRED. PL HELP US……..
Reply By MUKUND THAKKAR:
The Reply:
Bond and Bank guarantee both are required. 15% BG is require of Bond amount.
Reply By Kishan Barai:
The Reply:
15% Bank guarantee is sufficient but most of the bank denies it because if you don't export bank need to pay IGST 100% & had to suffer 85% loss, so most of the banks block 100% amount and provide BG un

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aragraphs 3.20 and 3.21 of the Foreign Trade Policy 2015-2020; or
(b) who has received the due foreign inward remittances amounting to a minimum of 10% of the export turnover, which should not be less than one crore rupees, in the preceding financial year,
and he has not been prosecuted for any offence under the Central Goods and Services Tax Act, 2017 (12 of 2017) or under any of the existing laws in case where the amount of tax evaded exceeds two hundred and fifty lakh rupees.
Moreover, the Letter of Undertaking shall be furnished in duplicate for a financial year in the annexure to FORM GST RFD – 11 referred to in sub-rule (1) of rule 96A of the Central Goods and Services Tax Rules, 2017 and it shall be executed by the working partne

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Printing of Post-GST Rates on Old Stock
GST
Dated:- 29-7-2017

On account of implementation of GST there may be instances where the retail sale price printed on a pre-packaged commodity is required to be changed. The Department has issued an order according to which, manufacturers/ packers/ importers of pre-packaged commodities are allowed to declare the revised retail sale price (MRP), by way of stamping or putting sticker or online printing, as the case may be, on the unsold stock manufactured/ packed/ imported prior to 1st July, 2017, if any, in addition to the existing retail sale price (MRP), for three months i.e. upto 30th September, 2017. Use of un-exhausted packaging material/ wrapper has also been allowed upto 30th Sep

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Sale of bottled water on same rate Post GST
GST
Dated:- 29-7-2017

On account of implementation of GST there may be instances where the retail sale price of a pre-packaged commodity is required to be changed. Department of Consumer Affairs has therefore issued an advisory on the matter.
Further, vide this advisory it has been informed inter alia, that for reducing the Retail Sale Price (MRP), a sticker with the revised lower MRP (inclusive of all taxes) may be affixed and the same shall not cover the MRP declaration made by the manufacturer or the packer or importer, as the case may be, on the label of the package, which includes the packed water bottles also.
The said information has already been disseminated to all the Cont

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No shortage of Essential Drugs post introduction of GST, smooth supplies being maintained: Shri Mansukh L. Mandaviya
GST
Dated:- 29-7-2017

Minister of State for Road Transport & Highways, Shipping and Chemicals & Fertilizers, Shri Mansukh L. Mandaviya, in a written reply to a question in Rajya Sabha today, informed that as per the information received from the All Indian Origin Chemists & Distributors Limited (AIOCD), there is no shortage of essential drugs and smooth supplies are being maintained.
Shri Mandaviya informed the House that a facility for reporting shortage of medicines, if any, by the public has been provided by the National Pharmaceutical Pricing Authority (NPPA) through helpline number 1800111255, Pharma Jan S

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ponent was included in the ceiling prices.
Further, the Minister stated that the Government has taken steps to allay the fear of retailers and wholesalers about getting tax refund in time, in case of expired goods. Return of expired goods would be governed by the provisions of Section 34 of the Central Goods and Services Act, 2017.
Shri Mandaviya informed that a manufacturer may issue a credit note within the time specified in sub-section (2) of Section 34, subject to the condition that the person returning the expired medicines reduces his inputs tax credit. Subsequently, at the time when the expired goods are destroyed, the manufacturer has to reverse his input tax credit on account of the goods being destroyed. Further, where the goods

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