Reversal of Input Tax Credit requires supplier proof via CA/CMA certificate or recipient undertaking until portal verification exists. Suppliers issuing tax credit notes for post-supply discounts may exclude the discount from taxable value only if pre-agreed and linked to invoices and the recipient has proportionately reversed the attributable Input Tax Credit; lacking portal verification, suppliers must obtain a recipient-issued certificate certified by a Chartered Accountant or Cost Accountant (or, below the small-amount threshold, an undertaking from the recipient) specifying credit note and invoice details, amounts of ITC reversal and documentary references, with UDIN for verification, as admissible evidence for compliance.
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.
Reversal of Input Tax Credit requires supplier proof via CA/CMA certificate or recipient undertaking until portal verification exists.
Suppliers issuing tax credit notes for post-supply discounts may exclude the discount from taxable value only if pre-agreed and linked to invoices and the recipient has proportionately reversed the attributable Input Tax Credit; lacking portal verification, suppliers must obtain a recipient-issued certificate certified by a Chartered Accountant or Cost Accountant (or, below the small-amount threshold, an undertaking from the recipient) specifying credit note and invoice details, amounts of ITC reversal and documentary references, with UDIN for verification, as admissible evidence for compliance.
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