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of <h1>Credit and Debit Notes: Tax Adjustment Rules Under Jharkhand GST Act 2017 Explained</h1> Under the Jharkhand Goods and Services Tax Act, 2017, a registered supplier may issue a credit note if the taxable value or tax charged exceeds the payable amount, if goods are returned, or if goods/services are deficient. This must be declared in the monthly return by September of the following financial year or before the annual return is filed. No tax liability reduction is allowed if the tax burden is transferred to another party. 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. A debit note includes a supplementary invoice.
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