hard20 pts · first answer countsgstitcinvoicing

Supplier's credit note and the buyer's ITC

A supplier issues a GST credit note for ₹50,000 plus ₹9,000 tax for goods returned. What must the buyer do for the supplier to reduce its tax?

A.Pay ₹9,000 to the supplier in cashB.Issue its own debit note for ₹59,000C.Reverse the ₹9,000 ITC on the credit noteD.Nothing; the supplier adjusts it alone

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Supplier's credit note and the buyer's ITC

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