https://www.taxtmi.com/acts?id=23931 Registered suppliers may issue credit notes when the tax invoice exceeds the correct taxable value or tax payable, goods are returned, supplies are deficient, or a prescribed discount is given, and must report them within the prescribed return period subject to the stated time limit. Output tax reduction is barred where the related input tax credit has not been reversed or where tax incidence has been passed on. Debit notes must be issued where the invoice understates the taxable value or tax payable, and a debit note includes a supplementary invoice. en-us Mon, 27 Mar 2017 17:06:21 +0530 Thu, 25 Jun 2026 17:07:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23931 Registered suppliers may issue credit notes when the tax invoice exceeds the correct taxable value or tax payable, goods are returned, supplies are deficient, or a prescribed discount is given, and must report them within the prescribed return period subject to the stated time limit. Output tax reduction is barred where the related input tax credit has not been reversed or where tax incidence has been passed on. Debit notes must be issued where the invoice understates the taxable value or tax payable, and a debit note includes a supplementary invoice. Act-Rules GST Mon, 27 Mar 2017 17:06:21 +0530 https://www.taxtmi.com/acts?id=23931