Part IV - VALIDATION OF THE CENTRAL CIVIL SERVICES (PENSION) RULES AND PRINCIPLES FOR EXPENDITURE ON PENSION LIABILITES FROM THE CONSOLIDATED FUND OF INDIA (From Section 147 to Section 150)
Credit note limits: supplier cannot reduce output tax if recipient hasn't reversed input tax credit or tax passed on. The proviso to section 34(2) is substituted to prevent a supplier from reducing its output tax liability by reason of a credit note where the input tax credit attributable to that credit note has not been reversed by the recipient who is a registered person, or where the incidence of tax on the supply has been passed on to any other person.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Credit note limits: supplier cannot reduce output tax if recipient hasn't reversed input tax credit or tax passed on.
The proviso to section 34(2) is substituted to prevent a supplier from reducing its output tax liability by reason of a credit note where the input tax credit attributable to that credit note has not been reversed by the recipient who is a registered person, or where the incidence of tax on the supply has been passed on to any other person.
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