Rebsorted

In recent times, rebsorted has become increasingly relevant in various contexts. Notifications - Reserve Bank of India. Every bank should have a credit risk policy document approved by the Board. The document should include risk identification, risk measurement, risk grading/ aggregation techniques, reporting and risk control/ mitigation techniques, documentation, legal issues and management of problem loans.

GST Amendment 2025: New Rules for Credit Notes and ITC Reversal. Explore the latest GST amendment to Section 34 (2) of the CGST Act, 2017, effective from 1st April 2025. In relation to this, learn how the new rules on credit notes impact suppliers, Credit Notes and ITC Reversal requirements, and compliance obligations under Circular 212/6/2024-GST.

This perspective suggests that, new GST Rule Links Credit Notes, Bad Debts & ITC - Tax Guru. The Finance Bill 2025 has altered Section 34 (2) of the CGST Act. Learn how the new rule links credit note issuance to ITC reversal and its impact on businesses and bad debts.

Amendments made in Credit notes, and Debit notes - ClearTax. Credit Notes, and Debit Notes require amendments or revisions too. The article will help understand how to make amendments to a Credit note or Debit note and report them in GSTR-1.

In relation to this, gST Tightens Credit Note Rules to Prevent Revenue Leakage. The Indian government has introduced stricter GST regulations regarding credit notes to curb potential revenue leakage. Effective from April 1, 2025, suppliers must now ensure that recipients reverse the Input Tax Credit (ITC) before they can adjust their GST liability. The Art of Adjustments: GST Credit & Debit Notes in Rate Change Scenarios.

As per Section 14 of the CGST Act, the answer depends on 3 key dates: 1️⃣ Date of Supply. 2️⃣ Date of Invoice. 3️⃣ Date of Payment* If 2 out of 3 events happen before the rate change → Old GST Rate applies. If 2 out of 3 events happen after the rate change → New GST Rate applies. Example (GST reduced from 28% → 18% on 22-09-2025):

Credit Note: E-Invoicing Requirement From 1st April 2025. A new Rule 67B will detail how the supplier’s output tax liability should be adjusted against the credit note. This rule will formalize the procedure, making it easier to compute and reconcile such adjustments systematically. Credit Note in GST - Goods and Services Tax Council.

From another angle, partial or total reimbursement on the invoice value. Any other similar reasons. Similarly, in order to regularize these kinds of situations the supplier is allowed to issue what is called as credit note to the recipient. Once the credit note has been issued, the tax liability of the supplier will reduce.

Changes in Credit Notes Under 55th GST Council Meeting Recommendation.