TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2025 proposes changes to CGST Act, Section 34: No tax liability reduction without reversing input tax credit.</h1> In the Finance Bill, 2025, an amendment to section 34 of the Central Goods and Services Tax Act is proposed. The revised proviso specifies that a supplier cannot reduce their output tax liability if the input tax credit related to a credit note has not been reversed by the recipient, provided the recipient is a registered person. Additionally, no reduction is allowed if the tax burden of the supply has been transferred to another party.
TaxTMI 
TaxTMI 
