https://www.taxtmi.com/acts?id=27388 A supplier may issue a credit note when an invoice overstates taxable value/tax, goods are returned, or supplies are deficient; the credit note must be declared in the return for the month issued but no later than September following the financial year end or the annual return date, and tax liability is adjusted as prescribed, except where tax and interest have been passed on. Conversely, where an invoice understates taxable value/tax the supplier must issue a debit note (including a supplementary invoice), declare it in the return for the month issued, and adjust tax liability as prescribed. en-us Fri, 23 Jun 2017 17:39:25 +0530 Tue, 25 Jul 2017 11:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27388 A supplier may issue a credit note when an invoice overstates taxable value/tax, goods are returned, or supplies are deficient; the credit note must be declared in the return for the month issued but no later than September following the financial year end or the annual return date, and tax liability is adjusted as prescribed, except where tax and interest have been passed on. Conversely, where an invoice understates taxable value/tax the supplier must issue a debit note (including a supplementary invoice), declare it in the return for the month issued, and adjust tax liability as prescribed. Act-Rules GST - States Fri, 23 Jun 2017 17:39:25 +0530 https://www.taxtmi.com/acts?id=27388