regarding revised e envoicing

[FARIDUDDIN AHMAD]

respected sir, dealer is carring out bussiness of work contract and issuing e invoicing. problem relates to the revision of original bill submitted for payment. taxpayer issued invoice to recipient of taxable amount Rs-100 later department deduct 20 repuees from original amount and paid rs-80 rs against the original invoice of rs-100. my question is how to correct or ammend the invoice. some times original invoice gets rejected

[KASTURI SETHI]

Tax Invoice and other such instruments in GST

C.B.E. & C. Flyer No. 13, dated 1-1-2018

Revised Invoice

Every registered person who has been granted registration with effect from a date earlier than the date of issuance of certificate of registration to him, may issue revised tax invoices in respect of taxable supplies effected during the period starting from the effective date of registration till the date of the issuance of the certificate of registration. This provision is necessary as a person who becomes liable for registration has to apply for registration within 30 days of becoming liable for registration.

When such an application is made within the time period and registration is granted, the effective date of registration is the date on which the person became liable for registration. Thus, there would be a time lag between the date of grant of certificate of registration and the effective date of registration. For supplies made by such person during this intervening period, the law enables issuance of a revised invoice, so that ITC can be availed by the recipient on such supplies.

A revised tax invoice has to contain the following particulars :

(a) The word “Revised Invoice”, wherever applicable, indicated prominently;

(b) Name, address and GSTIN of the supplier;

(c) A consecutive serial number containing alphabets or numerals or special characters -hyphen or dash and slash symbolised as “-” and “/” respectively, and any combination thereof, unique for a financial year;

(d) Date of issue of the document;

(e) Name, address and GSTIN or UIN, if registered, of the recipient;

(f) Name and address of the recipient and the address of delivery, along with the name of State and its code, if such recipient is un-registered;

(g) Serial number and date of the corresponding tax invoice or, as the case may be, bill of supply; and

(h) Signature or digital signature of the supplier or his authorised representative

[Padmanathan KV]

In your case, there is a reduction in taxable value in the invoice. (you have shown taxable value as Rs.100 but PWD valued and paid only Rs.80). The appropriate document to be issued in this case would be Credit Note. You may refer Section 34 in this regard:

Where one or more tax invoices have been issued for supply of any goods or services or both and the taxable value or tax charged in that tax invoice is found to exceed the taxable value or tax payable in respect of such supply, or where the goods supplied are returned by the recipient, or where goods or services or both supplied are found to be deficient, the registered person, who has supplied such goods or services or both, may issue to the recipient one or more credit notes for supplies made in a financial year containing such particulars as may be prescribed.

[AdvMurari Kumar]

agreed with Mr. Padmanathan Kollengode

[Amit Agrawal]

There is no legal concept of making 'revised invoice' once a tax-invoice u/r 46 is already issued by a registered person against its outward supply.

Only option- in given situation of yours - is credit-note u/s 34 and same is subject to situations & conditions prescribed therein.

These are ex facie views of mine and the same should not be construed as professional advice / suggestion.

[Shilpi Jain]

Issuing credit note is appropriate.

AI Summary

Credit note required for downward adjustment of an issued tax invoice; revised invoices are limited to pre registration supplies.
Where an issued tax invoice overstates taxable value and payment is reduced, the corrective document is a credit note rather than a revised invoice; revised tax invoices are limited to supplies made during the interval between the effective date of registration and the grant of registration and must be prominently marked and contain prescribed particulars, while downward adjustments to issued invoices should be effected by issuing credit notes containing the required particulars and linkage to the original invoice.