https://www.taxtmi.com/forum/issue?id=112130 The GST invoicing rules do not expressly limit issuance of debit or credit notes to suppliers, and recipients may issue such notes; accounting practice requires suppliers to issue credit notes to reconcile shortages or value adjustments. Input Tax Credit is claimable on the basis of debit and credit notes subject to registration and documentary conditions, with proportionate credit where supplies include exempt and taxable elements; one view emphasises that ITC is availed on the basis of supplier-issued debit notes under the statutory scheme, noting the relevant rules were not yet notified. en-us Thu, 22 Jun 2017 18:40:47 +0530 Thu, 23 Jan 2025 15:55:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112130 The GST invoicing rules do not expressly limit issuance of debit or credit notes to suppliers, and recipients may issue such notes; accounting practice requires suppliers to issue credit notes to reconcile shortages or value adjustments. Input Tax Credit is claimable on the basis of debit and credit notes subject to registration and documentary conditions, with proportionate credit where supplies include exempt and taxable elements; one view emphasises that ITC is availed on the basis of supplier-issued debit notes under the statutory scheme, noting the relevant rules were not yet notified. Discussion-Forum GST Thu, 22 Jun 2017 18:40:47 +0530 https://www.taxtmi.com/forum/issue?id=112130