Dear Experts,
There was an invoice related to July'19 which was modified after filing GSTR-1 and GSTR-3B. Now, the question is should i issue a credit note this month and make a fresh invoice or amend the old invoice when i file GST returns for August'19?
Also, the price revision is downwards, so how do i adjust excess GST tax paid amount?
Guidance on handling modified invoices: Issue a credit note citing the original invoice per Section 34 of GST regulations. An invoice for July 2019 was modified after filing GSTR-1 and GSTR-3B. The individual inquired whether to issue a credit note and create a new invoice or amend the old one when filing GST returns for August 2019, especially since the price revision was downward, affecting the GST paid. Two experts responded, advising that issuing a credit note referencing the original invoice is a suitable approach as per Section 34 of the GST regulations. (AI Summary)
TaxTMI 
TaxTMI 
