https://www.taxtmi.com/forum/issue?id=118450 Whether GST arises on amounts recovered from a supplier after a recipient reverses input tax credit and recovers the sum via a debit note. One view treats the recovered amount as a reduction in purchase-value not taxable as income. An alternative view notes a debit note issued by the recipient is not a GST document (debit notes may be issued by the supplier only) and such adjustment should be regarded as a reduction in price rather than a supply. en-us Thu, 30 Mar 2023 19:52:26 +0530 Thu, 23 Jan 2025 15:54:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118450 Whether GST arises on amounts recovered from a supplier after a recipient reverses input tax credit and recovers the sum via a debit note. One view treats the recovered amount as a reduction in purchase-value not taxable as income. An alternative view notes a debit note issued by the recipient is not a GST document (debit notes may be issued by the supplier only) and such adjustment should be regarded as a reduction in price rather than a supply. Discussion-Forum GST Thu, 30 Mar 2023 19:52:26 +0530 https://www.taxtmi.com/forum/issue?id=118450