SUPPLIER OR CREDITORS ISSUED CREDIT NOTE SHOWING IN GSTR2 CAN WE WE TAKE OUR GSTR1 https://www.taxtmi.com/forum/issue?id=113704 Credit notes adjust post-supply considerations like discounts or returns, but ITC is ordinarily claimed on invoices and debit notes; recipients should not treat supplier credit notes as substitutes for debit notes to create ITC. If suppliers report credit notes in their returns, recipients must reflect corresponding adjustments in their statutory returns to enable electronic matching and resolve any mismatches within prescribed timelines for proper ITC reconciliation. en-us Sat, 05 May 2018 13:57:42 +0530 Thu, 23 Jan 2025 15:55:25 +0530 TaxTMI RSS Generator SUPPLIER OR CREDITORS ISSUED CREDIT NOTE SHOWING IN GSTR2 CAN WE WE TAKE OUR GSTR1 https://www.taxtmi.com/forum/issue?id=113704 Credit notes adjust post-supply considerations like discounts or returns, but ITC is ordinarily claimed on invoices and debit notes; recipients should not treat supplier credit notes as substitutes for debit notes to create ITC. If suppliers report credit notes in their returns, recipients must reflect corresponding adjustments in their statutory returns to enable electronic matching and resolve any mismatches within prescribed timelines for proper ITC reconciliation. Discussion-Forum GST Sat, 05 May 2018 13:57:42 +0530 https://www.taxtmi.com/forum/issue?id=113704