https://www.taxtmi.com/caselaws?id=801102 Valid credit notes issued during the relevant refund period must reduce gross turnover when computing adjusted total turnover for refunds under Rule 89(5) of the CGST Rules. Section 34 permits credit notes where supplied goods are returned and requires a corresponding reduction in taxable turnover, subject to the prescribed time limit. Where credit notes are timely issued and reconciled with GSTR-1 disclosures and the Chartered Accountant's certificate, excluding them would overstate turnover despite the reduced taxable value. Adjusted total turnover must therefore reflect the deduction of those credit notes. en-us Wed, 14 Oct 2026 00:00:00 +0530 Thu, 15 Oct 2026 05:44:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801102 Valid credit notes issued during the relevant refund period must reduce gross turnover when computing adjusted total turnover for refunds under Rule 89(5) of the CGST Rules. Section 34 permits credit notes where supplied goods are returned and requires a corresponding reduction in taxable turnover, subject to the prescribed time limit. Where credit notes are timely issued and reconciled with GSTR-1 disclosures and the Chartered Accountant's certificate, excluding them would overstate turnover despite the reduced taxable value. Adjusted total turnover must therefore reflect the deduction of those credit notes. Case-Laws GST Wed, 14 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801102