https://www.taxtmi.com/forum/issue?id=118878 Section 34 permits a credit note when an invoice's taxable value or tax charged exceeds the tax payable, when goods are returned, or when supplies are deficient; credit notes must be declared in the supplier's return by the specified deadline and tax adjusted as prescribed. No reduction in output tax is allowed if the tax incidence and interest have been passed to another person. Where a B2B recipient has not paid the tax amount, the facts do not fit section 34's grounds for issuing a credit note and the supplier's recourse is contractual or legal action against the recipient. en-us Fri, 01 Dec 2023 15:13:43 +0530 Fri, 24 Jan 2025 10:40:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118878 Section 34 permits a credit note when an invoice's taxable value or tax charged exceeds the tax payable, when goods are returned, or when supplies are deficient; credit notes must be declared in the supplier's return by the specified deadline and tax adjusted as prescribed. No reduction in output tax is allowed if the tax incidence and interest have been passed to another person. Where a B2B recipient has not paid the tax amount, the facts do not fit section 34's grounds for issuing a credit note and the supplier's recourse is contractual or legal action against the recipient. Discussion-Forum Indian Laws Fri, 01 Dec 2023 15:13:43 +0530 https://www.taxtmi.com/forum/issue?id=118878