https://www.taxtmi.com/forum/issue?id=120713 A credit note may be issued where the taxable value or tax charged in an earlier tax invoice exceeds the correct taxable value or tax payable, subject to the statutory temporal limits and the recipient's acceptance on their portal. GST on interest arises on receipt under the time of supply rules, so if interest is unpaid the supplier may issue a credit note limited to the GST attributable to that interest and should coordinate with customers to effect input tax reversals within prescribed timelines. en-us Wed, 14 Jan 2026 12:28:08 +0530 Sat, 17 Jan 2026 09:20:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120713 A credit note may be issued where the taxable value or tax charged in an earlier tax invoice exceeds the correct taxable value or tax payable, subject to the statutory temporal limits and the recipient's acceptance on their portal. GST on interest arises on receipt under the time of supply rules, so if interest is unpaid the supplier may issue a credit note limited to the GST attributable to that interest and should coordinate with customers to effect input tax reversals within prescribed timelines. Discussion-Forum GST Wed, 14 Jan 2026 12:28:08 +0530 https://www.taxtmi.com/forum/issue?id=120713