TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Model GST Law Section 31: Credit/Debit Notes for Excess or Deficient Tax; Key Filing Deadlines and Conditions Explained.</h1> Section 31 of the Model GST Law outlines the issuance and declaration of credit and debit notes. If the taxable value or tax charged exceeds what is payable, or if goods are returned or services are deficient, the supplier may issue a credit note. This must be declared in the monthly return by September of the following year or by the annual return filing date. No tax liability reduction is allowed if the tax burden is transferred. Conversely, if the taxable value or tax is undercharged, a debit note must be issued and declared in the monthly return, with tax liability adjusted accordingly.
TaxTMI 
TaxTMI 
