Goods and Services Tax – Started By: – saravanan rengachary – Dated:- 12-9-2017 Last Replied Date:- 25-9-2017 – Hi,Customer has deducted 2% on total invoice value towards late supply (Liquidity Damage). Can we issue Credit Note and adjust the tax liability.regardssaravanan. – Reply By Rajagopalan Ranganathan – The Reply = Sir, According to Section 34 (1) of CGST Act, 2017 where a tax invoice has been issued for supply of any goods or services or both and the taxable value or tax charged in that tax invoice is found to exceed the taxable value or tax payable in respect of such supply, or where the goods supplied are returned by the recipient, or where goods or services or both supplied are found to be deficient, the registered person, who h
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =