Time limit for debit/credit notes: issue promptly after price revision; downward tax relief requires recipient to reduce input tax credit. A taxable person must issue the debit/credit note or a supplementary invoice within thirty days of a price revision; for downward revisions the supplier ... Summary
Time limit for debit/credit notes: issue promptly after price revision; downward tax relief requires recipient to reduce input tax credit.
A taxable person must issue the debit/credit note or a supplementary invoice within thirty days of a price revision; for downward revisions the supplier may reduce tax liability only if the recipient correspondingly reduces the recipient's input tax credit.
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