https://www.taxtmi.com/forum/issue?id=114055 When a supplier cancels a purchase invoice by issuing a credit note after the recipient has claimed Input Tax Credit, the recipient should reverse that ITC by reducing eligible ITC in the subsequent GSTR 3B Table 4. The supplier records the credit note, reduces its output tax liability and uploads it in GSTR 1. The statutory basis for such adjustment is section 34 of the CGST Act; parties may also issue a tax invoice to effect the goods return. en-us Sun, 19 Aug 2018 23:30:23 +0530 Thu, 23 Jan 2025 15:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114055 When a supplier cancels a purchase invoice by issuing a credit note after the recipient has claimed Input Tax Credit, the recipient should reverse that ITC by reducing eligible ITC in the subsequent GSTR 3B Table 4. The supplier records the credit note, reduces its output tax liability and uploads it in GSTR 1. The statutory basis for such adjustment is section 34 of the CGST Act; parties may also issue a tax invoice to effect the goods return. Discussion-Forum GST Sun, 19 Aug 2018 23:30:23 +0530 https://www.taxtmi.com/forum/issue?id=114055