https://www.taxtmi.com/forum/issue?id=118144 Credit notes for prior B2C taxable supplies should be issued and disclosed in the supplies return in the appropriate tables; the monthly summary return does not accept negative entries, so output tax adjustment can be made in a later period when turnover permits. Reliance on circular guidance is possible where return format prevents timely disclosure, provided the tax incidence was not passed to another person. If the credit arises from erroneous reporting, amendment of the supplies return or refund may be alternative remedies, and evidence of refund should be maintained when GST was not charged. en-us Tue, 06 Sep 2022 19:02:09 +0530 Thu, 23 Jan 2025 15:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118144 Credit notes for prior B2C taxable supplies should be issued and disclosed in the supplies return in the appropriate tables; the monthly summary return does not accept negative entries, so output tax adjustment can be made in a later period when turnover permits. Reliance on circular guidance is possible where return format prevents timely disclosure, provided the tax incidence was not passed to another person. If the credit arises from erroneous reporting, amendment of the supplies return or refund may be alternative remedies, and evidence of refund should be maintained when GST was not charged. Discussion-Forum GST Tue, 06 Sep 2022 19:02:09 +0530 https://www.taxtmi.com/forum/issue?id=118144