whether we have to reverse gst input tax credit on the credit notes without GST received by a dealer , credit notes are of rate difference, turnover discount, product discount ets ?
In case of Rate Difference , yes the credit should be issued as per Section 34 of CGST , the GST less.
But in case of Turnover & product discount , the GST less CNT is to be issued only when if such credit note can be linked to relevant invoices.(Section 15 CGST Act)
So ask your supplier issue GST less Credit in case of Rate Difference.
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