https://www.taxtmi.com/manuals?id=2443 A supplier may issue a credit note when a tax invoice overstates taxable value or tax, goods are returned, or supplies are deficient; the credit note must include prescribed particulars such as supplier and recipient details, serial number, invoice reference, value and tax adjusted, and signature. The credit note must be declared in the supplier's return for the month of issue or by the September after the financial year or annual return filing, and its effect on output tax is subject to matching with the recipient's input tax credit claims; unresolved discrepancies or duplications are added to the supplier's subsequent output tax liability. Records must be retained for seventy-two months. en-us Tue, 07 Mar 2023 02:43:00 +0530 Tue, 07 Mar 2023 02:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2443 A supplier may issue a credit note when a tax invoice overstates taxable value or tax, goods are returned, or supplies are deficient; the credit note must include prescribed particulars such as supplier and recipient details, serial number, invoice reference, value and tax adjusted, and signature. The credit note must be declared in the supplier's return for the month of issue or by the September after the financial year or annual return filing, and its effect on output tax is subject to matching with the recipient's input tax credit claims; unresolved discrepancies or duplications are added to the supplier's subsequent output tax liability. Records must be retained for seventy-two months. Manuals GST Tue, 07 Mar 2023 02:43:00 +0530 https://www.taxtmi.com/manuals?id=2443