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>Amendment denies supplier credit-note output tax reduction unless recipient reverses ITC or tax not shifted - proviso to Section 34(2)</h1> Amendment bars a supplier from reducing output tax via a credit note if either the registered recipient has not reversed the input tax credit attributable to that credit note, or where the tax incidence on the supply has been passed on to any other person in other cases. The proviso to section 34(2) of the Central GST Act thus conditions supplier relief on reversal of recipient ITC (when recipient is registered) and on absence of tax shifting to third parties. The amendment takes effect 1 October 2025.
TaxTMI 
TaxTMI 
