Restriction on issuance of credit note

alankar surana (CA Practice ) (52 Points)

04 August 2017  
Pls explain the meaning and purpose of Proviso of sub sec. (2) of Sec. 34 in respect of restriction of issuance of Credit note..... *"Provided that no reduction in output tax liability of the supplier shall be permitted, if the incidence of tax and interest on such supply has been passed on to any other person."*