https://www.taxtmi.com/acts?id=26650 Where an issued tax invoice overstates taxable value or tax, goods are returned, or supplies are deficient, the supplier may issue a credit note and must declare it in the return for the month of issue but not later than the specified latest filing, with tax liability adjusted as prescribed; reduction of output tax by a credit note is not permitted if the tax incidence and interest have been passed to another person. Conversely, if an invoice understates taxable value or tax, the supplier must issue a debit note (including a supplementary invoice) and declare it in the return for the month of issue, with tax liability adjusted as prescribed. en-us Wed, 21 Jun 2017 15:23:36 +0530 Mon, 10 Jul 2017 17:43:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=26650 Where an issued tax invoice overstates taxable value or tax, goods are returned, or supplies are deficient, the supplier may issue a credit note and must declare it in the return for the month of issue but not later than the specified latest filing, with tax liability adjusted as prescribed; reduction of output tax by a credit note is not permitted if the tax incidence and interest have been passed to another person. Conversely, if an invoice understates taxable value or tax, the supplier must issue a debit note (including a supplementary invoice) and declare it in the return for the month of issue, with tax liability adjusted as prescribed. Act-Rules GST - States Wed, 21 Jun 2017 15:23:36 +0530 https://www.taxtmi.com/acts?id=26650