Welcome to your Ch 30: Examine the following statements- (16 to 20)
16. Where credit is distributed to wrong recipient-
(i) It shall issue ISD credit note in the name of wrong recipient for reduction of credit.
(ii) It shall issue ISD invoice for distribution of credit to new recipient.
17. Examine the following statements-
(i) ISD can have reverse charge supplies.
(ii) Normal tax payer can transfer credit to ISD by issue of invoice or debit note under Rule 54(1A).
