https://www.taxtmi.com/forum/issue?id=116903 Whether GST remains payable after a declared sale in GSTR 1 when the buyer disputes payment, and whether issuing a credit note can reduce the supplier's GST liability. Opinions diverge: some advise issuing a credit note to adjust liability; others warn that bad debt alone does not justify a credit note because the supply triggered tax, though a settlement for a lesser amount could support issuance as an adjustment of consideration rather than sole tax reversal. en-us Fri, 11 Dec 2020 16:55:35 +0530 Thu, 23 Jan 2025 15:54:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116903 Whether GST remains payable after a declared sale in GSTR 1 when the buyer disputes payment, and whether issuing a credit note can reduce the supplier's GST liability. Opinions diverge: some advise issuing a credit note to adjust liability; others warn that bad debt alone does not justify a credit note because the supply triggered tax, though a settlement for a lesser amount could support issuance as an adjustment of consideration rather than sole tax reversal. Discussion-Forum GST Fri, 11 Dec 2020 16:55:35 +0530 https://www.taxtmi.com/forum/issue?id=116903