CA Certificate required while issue Credit Note Deduction
Credit Note Deduction under GST – New Compliance Alert! As per CBIC Circular No. 212/6/2024 dated 26-06-2024, issuance of a Credit Note alone is no longer sufficient for claiming tax deduction under GST. The supplier must obtain a CA/CMA certificate to claim a deduction on tax via credit notes, confirming that The recipient has reversed …