Credit note equals 90% of Tax Invoice

Can we raise credit note amounting 90% of Tax Invoice ?
as per my knowledge no where in act restricts to issue credit note.
Replies (3)
Quick Summary
This discussion addresses whether it's permissible to issue a credit note that amounts to 90% of the original tax invoice value. The consensus reached is that yes, this is generally allowed. There appear to be no specific legal restrictions preventing the issuance of a credit note for such a percentage of a tax invoice.

Hi Chirag,

 

You can raise credit note.

Yes you can raise credit note

Yes you can.There is no restriction on the amount

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