Answer

1. F

   Facts

   Yes. From the October 2025 tax period, credit notes and downward amendments can be kept pending, but for one tax period only.

2. P

   Provisions and law

   • Invoice Management System (GSTN advisories, October 2024 onwards)Recipients accept, reject or keep pending supplier records; records with no action are deemed accepted and flow into GSTR-2B; credit notes can be kept pending for one tax period from the October 2025 period.
   • Sec 34, CGST Act 2017Credit notes and debit notes adjust tax on an invoice; a credit note must be declared by 30 November after the year or the annual return, whichever is earlier.
3. A

   Analysis

   This gives you a month to check whether the credit note matches a discount or return you actually agreed. After one period you must accept or reject it. Accepting reduces your ITC to the extent declared; rejecting tells the supplier you dispute it. Use the remark field so the supplier understands why.

4. C

   Conclusion

   1. 1Mark the credit note Pending with a remark.
   2. 2Verify with your purchase records and the supplier.
   3. 3Accept or reject it in the next period.
   4. 4Record the outcome in your purchase register.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.