https://www.taxtmi.com/forum/issue?id=114458 When a supplier issues a credit note reducing an earlier invoice for imported services paid under reverse charge, entitlement to Input Tax Credit depends on the credit note's character: a Tax Credit Note reducing the supplier's taxable liability affects recipient ITC, while a Financial Credit Note treated as a book adjustment that does not reduce supplier tax liability does not automatically require ITC reversal; for reverse charge entries the usual payment within period proviso is not applicable, making documentation and the reason for the credit note decisive. en-us Sun, 06 Jan 2019 08:49:03 +0530 Thu, 23 Jan 2025 15:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114458 When a supplier issues a credit note reducing an earlier invoice for imported services paid under reverse charge, entitlement to Input Tax Credit depends on the credit note's character: a Tax Credit Note reducing the supplier's taxable liability affects recipient ITC, while a Financial Credit Note treated as a book adjustment that does not reduce supplier tax liability does not automatically require ITC reversal; for reverse charge entries the usual payment within period proviso is not applicable, making documentation and the reason for the credit note decisive. Discussion-Forum GST Sun, 06 Jan 2019 08:49:03 +0530 https://www.taxtmi.com/forum/issue?id=114458