Sir if the seller uploads credit note automatically it will become buyers liability in 3b of buyer then it is the duty of the buyer to discharge his liability not the tension of seller. It is the duty of dept to get the amount realisted along with interest charged for delay.. so there is no need to cross check but law said to check. Why we don't know
@cabimaljain Sir what is the recourse to a businessman who has paid output tax on invoice and subsequently the debt becomes bad? Credit note or any case law?
Sir, even vendor not issued, based on quality or short receipt, we are reversing ITC portion month on month. Again we can't reverse based on credit note issued by vendor in latter date if any
Sir, almost for the last about one year, ITC is being autpopulated into 3B of recipient net amount only (after adjusting tax on CNs). Hence, is it so that this circular is beneficial for past cases?
Thanks Sir for sharing this. I have a question regarding this, I believe this circular is only applicable when the supplier has reversed it's output tax liability. Will it also make a impact where the supplier has not reduced it's liability and the buyer has not reduced it's ITC
![Natanael Cano - Amor Eterno [Official Video]](http://i.ytimg.com/vi/EO4prCs6WpM/mqdefault.jpg)
Sir, please tell me the applicability from ehen onwards
Sir if the seller uploads credit note automatically it will become buyers liability in 3b of buyer then it is the duty of the buyer to discharge his liability not the tension of seller. It is the duty of dept to get the amount realisted along with interest charged for delay.. so there is no need to cross check but law said to check. Why we don't know
I also of the same view
Thank you sir for sharing this informative video 👍👍
If get cash discount when payment made then itc reverse
Thank you sir
Good one sir
@cabimaljain Sir what is the recourse to a businessman who has paid output tax on invoice and subsequently the debt becomes bad? Credit note or any case law?
Sir, even vendor not issued, based on quality or short receipt, we are reversing ITC portion month on month. Again we can't reverse based on credit note issued by vendor in latter date if any
then, need not required
Pls tell in hindi
Sir, almost for the last about one year, ITC is being autpopulated into 3B of recipient net amount only (after adjusting tax on CNs). Hence, is it so that this circular is beneficial for past cases?
Sir, if the suppliers not issued the credit note,but make the adjustment through ledger, now department demanded the tax.
Thanks Sir for sharing this.
I have a question regarding this, I believe this circular is only applicable when the supplier has reversed it's output tax liability.
Will it also make a impact where the supplier has not reduced it's liability and the buyer has not reduced it's ITC
Sir what about credit notes issued to un registered person?
Sir what about the case when financial credit note is issued??
This certificate is required per month or on I may yearly basis
Pranaaam sir