https://www.taxtmi.com/forum/issue?id=112795 Where an invoice overstates taxable value or tax or goods are returned/deficient, the supplier may issue a credit note and must declare its details in the outward-supply return (GSTR-1) in the prescribed column within the month of issue subject to the outer time limit; where an invoice understates taxable value or tax, a debit note regime applies and the issuer must declare the debit note in the return for the month of issue. The issuer is responsible for uploading the document and recipients must adjust input tax credit for shortages, rejections or returned goods. en-us Mon, 11 Sep 2017 12:18:06 +0530 Thu, 23 Jan 2025 15:55:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112795 Where an invoice overstates taxable value or tax or goods are returned/deficient, the supplier may issue a credit note and must declare its details in the outward-supply return (GSTR-1) in the prescribed column within the month of issue subject to the outer time limit; where an invoice understates taxable value or tax, a debit note regime applies and the issuer must declare the debit note in the return for the month of issue. The issuer is responsible for uploading the document and recipients must adjust input tax credit for shortages, rejections or returned goods. Discussion-Forum GST Mon, 11 Sep 2017 12:18:06 +0530 https://www.taxtmi.com/forum/issue?id=112795