I have received invoice and taken credit . Same is shown in GSTR2A. Now the supplier has issued credit note against same invoice , same amount. Do I have to pay interest ??
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Quick Summary
If you've received a credit note for an invoice that was already processed and reflected in your GSTR2A, you generally do not need to pay interest. The advice is to simply reverse the tax amount from your current month's Input Tax Credit (ITC) values. No interest is applicable in this scenario.