credit note

[srinivasulu m]

I have issued B2B invoice on services but the recipient has not given the tax amount now can I give a credit note if so can I give a credit note for the tax amount?

AI Summary

Can a Credit Note Be Issued for Unpaid Tax on B2B Services? Consult Section 34(1) for Guidance. An individual inquired about issuing a credit note for tax on a B2B service invoice where the recipient hasn't paid the tax. The response advised consulting Section 34(1) of Indian tax law, which allows issuing a credit note if the taxable value or tax charged exceeds the payable amount, or if goods/services are returned or deficient. However, it was noted that this situation might not qualify for a credit note under the specified provisions, suggesting legal action against the recipient as a possible recourse.