https://www.taxtmi.com/forum/issue?id=119006 Advisory: the society may issue a credit note and reissue invoices while the statutory time limit exists, on the basis that the earlier invoice overstated taxable value, thereby enabling reallocation of GST liability and preserving the incoming member's input tax credit; however, this carries risk of departmental objection under Section 34 and potential interest exposure if payment preceded invoice reissuance. en-us Sun, 25 Feb 2024 10:48:22 +0530 Fri, 24 Jan 2025 10:40:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119006 Advisory: the society may issue a credit note and reissue invoices while the statutory time limit exists, on the basis that the earlier invoice overstated taxable value, thereby enabling reallocation of GST liability and preserving the incoming member's input tax credit; however, this carries risk of departmental objection under Section 34 and potential interest exposure if payment preceded invoice reissuance. Discussion-Forum GST Sun, 25 Feb 2024 10:48:22 +0530 https://www.taxtmi.com/forum/issue?id=119006