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of <h1>Suppliers can issue debit notes to correct tax invoice errors under GST rules; records must be kept for 72 months.</h1> A supplier must issue a tax invoice for goods or services, but errors like undervaluing or applying incorrect tax rates may occur. To correct such discrepancies, a debit note or supplementary invoice can be issued, which increases the taxable value or tax liability. The debit note must include specific details such as supplier and recipient information, document nature, serial number, and tax details. Issuing a debit note creates additional tax liability, and records must be kept for 72 months. This process facilitates adjusting the original invoice's value and tax liability efficiently within GST regulations.
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