TMI BlogCREDIT NOTEX X X X Extracts X X X X X X X X Extracts X X X X ..... THANKS FOR THE REPLY. THE DISCOUNT POLICY WAS DECIDED AT THE TIME OF SALE, BUT WE ARE MANUFACTURER OF FOOTWEAR DON'T WANT TO REVERSE THE GST AS THE REFUND UNDER INVERTED DUTY STRUCTURE HAS ALREA ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DY BEEN CLAIMED. CAN WE ISSUE CREDIT NOTES WITHOUT REVERSING GST PLEASE REPLY SPECIFICALLY. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = In my view it is not possible. - Reply By KASTURI SETH ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I - The Reply = You cannot enjoy the benefits of both worlds. I agree with the views of Dr.Govindarajan Sir. - Reply By YAGAY ANDSUN - The Reply = In our view it is possible, provided your custome ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r do not revert the ITC. Law is very specific in this regard. - Reply By CS SANJAY MALHOTRA - The Reply = Yes, credit notes can be issued without charging GST as none stands to loose. You are neith ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er claiming reduction in your output tax liability nor your client is reversing same. Govt revenue is not impacted. This is the best option majority of industrial players follow. - Reply By YAGAY ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and SUN - The Reply = This practice is practical and convenience and hence is being followed by the majority of assessee. - CREDIT NOTE - Query Started By: - AKHIL MITTAL Dated:- 1-5-2018 Goods and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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