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<h1>Credit and Debit Notes in GST: Key Rules for Adjusting Taxable Value and Ensuring Accurate Tax Reporting</h1> Statutory provisions regulate credit and debit notes in GST taxation. Registered persons can issue credit notes when taxable value exceeds actual supply value, or goods are returned or deficient. Debit notes can be issued when taxable value is less than originally charged. Suppliers must declare these notes in monthly returns within specified timelines. Tax liability adjustments are subject to conditions, including input tax credit reversal and tax incidence considerations.