Which of the following is mandatory pre-condition in respect of downwa – McqOptions

MCQOPTIONS

1.	Which of the following is mandatory pre-condition in respect of downward price revision during transition period?
A.	Recipient of credit note reduced his input tax credit
B.	Supplier should revise earlier return and reduce tax liability
C.	Supplier claims refund of downward revision
D.	Recipient intimates his jurisdictional officer of such downward revisions
Answer» B. Supplier should revise earlier return and reduce tax liability

Discussion

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