Credit note and debit note rules: suppliers must issue, declare and adjust tax for corrected invoices and returns. The provision requires suppliers to issue credit notes when an invoice overstates taxable value or tax, or for returns or deficiencies, and to declare such credit notes in the return for the month of issue (subject to a latest filing window linked to the financial year and annual return) with tax adjusted as prescribed; reductions are barred where tax incidence and interest have been passed on. Suppliers must issue debit notes (including supplementary invoices) where an invoice understates taxable value or tax, declare them in the return for the month of issue, and adjust tax liability as prescribed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Credit note and debit note rules: suppliers must issue, declare and adjust tax for corrected invoices and returns.
The provision requires suppliers to issue credit notes when an invoice overstates taxable value or tax, or for returns or deficiencies, and to declare such credit notes in the return for the month of issue (subject to a latest filing window linked to the financial year and annual return) with tax adjusted as prescribed; reductions are barred where tax incidence and interest have been passed on. Suppliers must issue debit notes (including supplementary invoices) where an invoice understates taxable value or tax, declare them in the return for the month of issue, and adjust tax liability as prescribed.
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