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<h1>Reversal of input tax credit required before supplier reduces output tax liability by credit note; pass-through of incidence disregarded.</h1> A supplier cannot reduce output tax liability via a credit note unless the input tax credit attributable to that credit note has been reversed by the registered recipient who availed it. The previous condition tying reduction to non-passage of tax incidence to another person is removed, so reversal by the recipient is the operative requirement.
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