Debit Note
Dey (Sr. Accountant) (107 Points)
20 May 2019supplier would not agree to give credit note of 11 lac.
In my books of accounts already full ITC being taken on 16 lac invoice.
Mainly two issue arise:
1. Passing partly debit note of 11 lac withour cr note from supplier is possible in GST law?
2. Method of ITC reversal.
what can be done at this point? please guide..