https://www.taxtmi.com/forum/issue?id=113458 Issuing a credit note under Section 34 is required when tax charged exceeds tax payable; the credit note must contain prescribed particulars and be declared in the return for the month of issue (or by the September deadline) so the tax liability is adjusted. For B2B supplies the supplier must amend the invoice details in GSTR 1 to reflect corrected taxable value and tax and reconcile that adjustment with the output tax reported in GSTR 3B, ensuring aggregate tax paid is at least the liability shown. en-us Tue, 06 Mar 2018 13:48:44 +0530 Thu, 23 Jan 2025 15:55:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113458 Issuing a credit note under Section 34 is required when tax charged exceeds tax payable; the credit note must contain prescribed particulars and be declared in the return for the month of issue (or by the September deadline) so the tax liability is adjusted. For B2B supplies the supplier must amend the invoice details in GSTR 1 to reflect corrected taxable value and tax and reconcile that adjustment with the output tax reported in GSTR 3B, ensuring aggregate tax paid is at least the liability shown. Discussion-Forum GST Tue, 06 Mar 2018 13:48:44 +0530 https://www.taxtmi.com/forum/issue?id=113458