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of <h1>Understanding Credit and Debit Notes Under Section 34 of Nagaland GST Act 2017: Key Tax Invoice Adjustments Explained</h1> Section 34 of the Nagaland Goods and Services Tax Act, 2017, addresses the issuance of credit and debit notes. A registered person may issue a credit note if the tax invoice exceeds the taxable value or if goods are returned or found deficient. The credit note must be declared in the monthly return by September following the financial year of supply, with tax adjustments as prescribed. No reduction in output tax liability is allowed if the tax burden has been passed on. Conversely, if the tax invoice is lower than payable, a debit note is issued and declared in the monthly return, with tax adjustments as prescribed. A debit note includes a supplementary invoice.
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