https://www.taxtmi.com/forum/issue?id=117651 Suppliers alone effectuate GST adjustments by issuing debit notes or credit notes; buyer-issued debit notes are financial instruments without independent GST effect and require the supplier to issue a corresponding credit note. Administrative guidance treats recipient financial notes as non-GST-adjusting, and where suppliers disclose supplies late, recipients may still assert input tax credit subject to eligibility and contest procedural denials, supported by supplier payment and disclosure evidence. en-us Thu, 18 Nov 2021 13:13:11 +0530 Thu, 23 Jan 2025 15:54:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117651 Suppliers alone effectuate GST adjustments by issuing debit notes or credit notes; buyer-issued debit notes are financial instruments without independent GST effect and require the supplier to issue a corresponding credit note. Administrative guidance treats recipient financial notes as non-GST-adjusting, and where suppliers disclose supplies late, recipients may still assert input tax credit subject to eligibility and contest procedural denials, supported by supplier payment and disclosure evidence. Discussion-Forum GST Thu, 18 Nov 2021 13:13:11 +0530 https://www.taxtmi.com/forum/issue?id=117651