https://www.taxtmi.com/forum/issue?id=117983 Debit notes are intended where an original invoice understated taxable value or tax; issuing a debit note solely to transfer unutilized input tax credit between branches invoiced at cost is not supported by that mechanism and may invite recovery with interest and penalty. Practical alternatives include prospective billing arrangements or intra-company invoicing at an agreed valuation, while ensuring valid tax invoices and contemporaneous commercial documentation if adjustments are legitimately required. en-us Sat, 04 Jun 2022 12:11:29 +0530 Thu, 23 Jan 2025 15:54:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117983 Debit notes are intended where an original invoice understated taxable value or tax; issuing a debit note solely to transfer unutilized input tax credit between branches invoiced at cost is not supported by that mechanism and may invite recovery with interest and penalty. Practical alternatives include prospective billing arrangements or intra-company invoicing at an agreed valuation, while ensuring valid tax invoices and contemporaneous commercial documentation if adjustments are legitimately required. Discussion-Forum GST Sat, 04 Jun 2022 12:11:29 +0530 https://www.taxtmi.com/forum/issue?id=117983