https://www.taxtmi.com/acts?id=30574 Where a tax invoice overstates taxable value or tax, or goods are returned or deficient, the supplier may issue a credit note and must declare it in the return for the month of issue (subject to the latest filing limit) and adjust tax liability as prescribed; reduction in output tax is barred if tax incidence has been passed to another person. Conversely, where a tax invoice understates taxable value or tax, the supplier must issue a debit note (including a supplementary invoice), declare it in the return for the month of issue, and adjust tax liability as prescribed. en-us Wed, 26 Jul 2017 11:53:34 +0530 Wed, 26 Jul 2017 11:53:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30574 Where a tax invoice overstates taxable value or tax, or goods are returned or deficient, the supplier may issue a credit note and must declare it in the return for the month of issue (subject to the latest filing limit) and adjust tax liability as prescribed; reduction in output tax is barred if tax incidence has been passed to another person. Conversely, where a tax invoice understates taxable value or tax, the supplier must issue a debit note (including a supplementary invoice), declare it in the return for the month of issue, and adjust tax liability as prescribed. Act-Rules GST - States Wed, 26 Jul 2017 11:53:34 +0530 https://www.taxtmi.com/acts?id=30574