Debit note to Supplier if Credit note not issued by Supplier

Debit note to Supplier if Credit note not issued by Supplier https://www.taxtmi.com/forum/issue?id=114627 Buyer faces input tax credit reversal risk where payments to suppliers remain unpaid and suppliers refuse to issue credit notes. Forum advice indicates the buyer may issue a debit note with GST to manage the position, and reiterates that suppliers are obliged under the GST framework to issue credit or debit notes, while buyers may issue debit notes to assist GST compliance and vendor reconciliation when suppliers do not provide credit notes. en-us Thu, 14 Feb 2019 15:04:46 +0530 Thu, 23 Jan 2025 15:55:11 +0530 TaxTMI RSS Generator Debit note to Supplier if Credit note not issued by Supplier https://www.taxtmi.com/forum/issue?id=114627 Buyer faces input tax credit reversal risk where payments to suppliers remain unpaid and suppliers refuse to issue credit notes. Forum advice indicates the buyer may issue a debit note with GST to manage the position, and reiterates that suppliers are obliged under the GST framework to issue credit or debit notes, while buyers may issue debit notes to assist GST compliance and vendor reconciliation when suppliers do not provide credit notes. Discussion-Forum GST Thu, 14 Feb 2019 15:04:46 +0530 https://www.taxtmi.com/forum/issue?id=114627