https://www.taxtmi.com/forum/issue?id=113493 Adjustments for excess rate or tax charged must be made by the supplier through a legally compliant credit note or revised tax invoice containing rule-prescribed particulars; the recipient cannot issue a statutory credit/debit note to alter the supplier's tax liability. Recipients may avail input tax credit of tax shown in supplier invoices, but such availment is limited to the supplier's actual tax liability and entails compliance risk if the supplier has overcharged. Proper books, correct invoice descriptions, and mutual reconciliation via prescribed debit/credit note mechanisms are required. en-us Sat, 17 Mar 2018 12:05:29 +0530 Thu, 23 Jan 2025 15:55:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113493 Adjustments for excess rate or tax charged must be made by the supplier through a legally compliant credit note or revised tax invoice containing rule-prescribed particulars; the recipient cannot issue a statutory credit/debit note to alter the supplier's tax liability. Recipients may avail input tax credit of tax shown in supplier invoices, but such availment is limited to the supplier's actual tax liability and entails compliance risk if the supplier has overcharged. Proper books, correct invoice descriptions, and mutual reconciliation via prescribed debit/credit note mechanisms are required. Discussion-Forum GST Sat, 17 Mar 2018 12:05:29 +0530 https://www.taxtmi.com/forum/issue?id=113493