Can a registered person issue GST Credit Note u/s 34 w.r.t. B2C supplies?
There is an ambiguity in the trade and industry that GST Credit note can be issued only with respect to Tax Invoices which are issued to B2B supplies and not to B2C Supplies, on the contention that such unregistered dealer will not be in a position to reduce the input tax covered by GST Credit notes, if so issued, hence not acceptable. This Article deals with the legal provisions relating to issue of GST Credit notes under GST Law, based on the provisions of GST Law as existing today, whether such GST Credit notes can be issued with respect to B2C transactions.