https://www.taxtmi.com/article/detailed?id=9326 A supplier may issue a credit note with GST where invoice value or tax was excessive, goods are returned, or supplies are deficient; discounts qualify for GST credit notes only if recorded at supply or established pre supply and accompanied by input tax credit reversal by the recipient. Credit notes with GST must be reported by the September return following the relevant financial year; after that deadline only financial credit notes without GST are available, leading parties to treat some returns as fresh supplies to utilize credit ledger balances. en-us Mon, 06 Jul 2020 12:49:20 +0530 Mon, 06 Jul 2020 12:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9326 A supplier may issue a credit note with GST where invoice value or tax was excessive, goods are returned, or supplies are deficient; discounts qualify for GST credit notes only if recorded at supply or established pre supply and accompanied by input tax credit reversal by the recipient. Credit notes with GST must be reported by the September return following the relevant financial year; after that deadline only financial credit notes without GST are available, leading parties to treat some returns as fresh supplies to utilize credit ledger balances. Articles Goods and Services Tax - GST Mon, 06 Jul 2020 12:49:20 +0530 https://www.taxtmi.com/article/detailed?id=9326