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of <h1>New Rule: Issue Debit/Credit Notes Within 30 Days of Price Change; Section 153 Affects Tax Liability & ITC Adjustments.</h1> The time limit for issuing debit or credit notes for price revisions is 30 days from the date of the price change. If the price is revised downwards, the taxable person can only reduce their tax liability if the recipient of the invoice or credit note also reduces their Input Tax Credit (ITC) accordingly, as per section 153.
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