What Is a Debit Note? A debit note is a document used and issued by a vendor to inform the buyer of current debt obligations. It is similar to an invoice, which contains information about a sale, but ...

Explains how a credit note rejection led to excess GSTR-3B tax without IMS visibility. The key takeaway is that system adjustments can occur silently, increasing supplier ...

The BMC's controversial credit note policy, worth Rs 450 crore, is under scrutiny for non-payment of GST. Credit notes were issued to builders which were sold to others, including prominent city ...

"In the case of demand notices issued for 2017-18, 2018-19, 2019-20, interest and penalty will be waived off, if tax is paid by March 31, 2025," Nirmala Sitharaman said. The GST Council has also ...