https://www.taxtmi.com/forum/issue?id=114327 Where a supplier issues a credit note to reflect post sale discounts, the supplier may adjust its output tax and the purchaser must reverse the corresponding input tax credit; however, a credit note must be declared in the return for its month of issue and not later than the statutory cut off following the financial year of supply, and credit notes issued after that cut off cannot reduce output tax or generate input tax credit unless no GST impact is recorded. en-us Mon, 19 Nov 2018 10:44:19 +0530 Thu, 23 Jan 2025 15:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114327 Where a supplier issues a credit note to reflect post sale discounts, the supplier may adjust its output tax and the purchaser must reverse the corresponding input tax credit; however, a credit note must be declared in the return for its month of issue and not later than the statutory cut off following the financial year of supply, and credit notes issued after that cut off cannot reduce output tax or generate input tax credit unless no GST impact is recorded. Discussion-Forum GST Mon, 19 Nov 2018 10:44:19 +0530 https://www.taxtmi.com/forum/issue?id=114327