https://www.taxtmi.com/article/detailed?id=8561 Credit notes under GST reduce the taxable value and tax of a prior invoice for returns, overcharging, or discounts; B2B credit notes are reported in GSTR-1 table 9 and B2C in table 7. Multiple credit notes may be issued against an invoice (and vice versa) after amendment, but tax-adjusting credit notes must be issued within six months from the end of the financial year of the original invoice, after which only non-tax-adjusting financial credit notes may be recorded. Suppliers and recipients must coordinate accounting, input tax reversals, e-way bill generation, and return reconciliation. en-us Wed, 26 Jun 2019 06:15:10 +0530 Wed, 26 Jun 2019 06:15:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8561 Credit notes under GST reduce the taxable value and tax of a prior invoice for returns, overcharging, or discounts; B2B credit notes are reported in GSTR-1 table 9 and B2C in table 7. Multiple credit notes may be issued against an invoice (and vice versa) after amendment, but tax-adjusting credit notes must be issued within six months from the end of the financial year of the original invoice, after which only non-tax-adjusting financial credit notes may be recorded. Suppliers and recipients must coordinate accounting, input tax reversals, e-way bill generation, and return reconciliation. Articles Goods and Services Tax - GST Wed, 26 Jun 2019 06:15:10 +0530 https://www.taxtmi.com/article/detailed?id=8561