https://www.taxtmi.com/acts?id=26980 The provision requires suppliers to issue credit notes when an invoice overstates taxable value or tax, or for returns or deficiencies, and to declare such credit notes in the return for the month of issue (subject to a latest filing window linked to the financial year and annual return) with tax adjusted as prescribed; reductions are barred where tax incidence and interest have been passed on. Suppliers must issue debit notes (including supplementary invoices) where an invoice understates taxable value or tax, declare them in the return for the month of issue, and adjust tax liability as prescribed. en-us Thu, 22 Jun 2017 15:21:26 +0530 Thu, 22 Jun 2017 15:21:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=26980 The provision requires suppliers to issue credit notes when an invoice overstates taxable value or tax, or for returns or deficiencies, and to declare such credit notes in the return for the month of issue (subject to a latest filing window linked to the financial year and annual return) with tax adjusted as prescribed; reductions are barred where tax incidence and interest have been passed on. Suppliers must issue debit notes (including supplementary invoices) where an invoice understates taxable value or tax, declare them in the return for the month of issue, and adjust tax liability as prescribed. Act-Rules GST - States Thu, 22 Jun 2017 15:21:26 +0530 https://www.taxtmi.com/acts?id=26980