https://www.taxtmi.com/forum/issue?id=113691 Query whether reversal of input tax credit is required when suppliers issue credit notes for incentives and price drops without GST; Section 34 of the CGST Act applies. Reversal is noted to become relevant only if the supplier reduces its output tax liability by issuing the credit note; absent such reduction some respondents consider reversal unnecessary. en-us Wed, 02 May 2018 09:55:44 +0530 Thu, 23 Jan 2025 15:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113691 Query whether reversal of input tax credit is required when suppliers issue credit notes for incentives and price drops without GST; Section 34 of the CGST Act applies. Reversal is noted to become relevant only if the supplier reduces its output tax liability by issuing the credit note; absent such reduction some respondents consider reversal unnecessary. Discussion-Forum GST Wed, 02 May 2018 09:55:44 +0530 https://www.taxtmi.com/forum/issue?id=113691