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No GST ITC Reversal required in case Financial Credit Note is issued by the supplier: AAR

1. Whether the applicant is duly eligible to take full credit of GST Charge in Tax invoice issued by supplier and GST was paid by such supplier to the government even though later commercial/ financial credit note is issued for part amount of invoice.

2. Whether the applicant is required to reverse the ITC proportionately to the extent of financial/ commercial credit note issued by supplier.

Source: studycafe.in

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