https://www.taxtmi.com/forum/issue?id=118066 Issuance of a credit-note under section 34(1) is optional and parties can use accounting credit-notes to settle books without creating tax liability. Remedies include cancelling or amending the GST portal credit-note or making its tax component nil and repaying tax with interest, or requesting the customer to reverse the proportionate input tax credit and record an accounting debit-note for the differential; credit-notes without GST may be issued where post-sale adjustment conditions under section 15(3) are not satisfied. en-us Tue, 19 Jul 2022 15:26:13 +0530 Thu, 23 Jan 2025 15:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118066 Issuance of a credit-note under section 34(1) is optional and parties can use accounting credit-notes to settle books without creating tax liability. Remedies include cancelling or amending the GST portal credit-note or making its tax component nil and repaying tax with interest, or requesting the customer to reverse the proportionate input tax credit and record an accounting debit-note for the differential; credit-notes without GST may be issued where post-sale adjustment conditions under section 15(3) are not satisfied. Discussion-Forum GST Tue, 19 Jul 2022 15:26:13 +0530 https://www.taxtmi.com/forum/issue?id=118066