Analysis of Recent Amendment to Section 34(2) of the CGST Act, 2017 in Finance Bill, 2025

Pooja Garg , Last updated: 24 February 2025  
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(A) Clause 121 of the recently announced Finance Bill, 2025 has introduced a significant change for suppliers under the GST. Suppliers can now only reduce their tax liability by issuing a credit note if 1. The recipient has reversed the Input Tax Credit (ITC) related to the supply, or 2. The incid

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Pooja Garg
(Co-Founder)
Category GST   Report

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