Govt Plans ITC Relief: Two-Month Window for Credit Notes
04 Mar, 2025
Introduction The government is considering a significant relief measure for GST taxpayers by amending the Central GST (CGST) Rules to allow a two-month window for accepting or rejecting credit notes and adjusting input tax credit (ITC) accordingly. Currently, taxpayers using the Invoice Management System (IMS) must accept or reject credit notes outright, leaving little flexibility. […]
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