Can a Tax Invoice be revised under GST Law?
Wednesday, January 04, 2017     Category : GST

 

Can a GST Invoice be changed after issuing?


Rules related to revise of Invoice under GST Law.


Once after preparing invoice, supplier issues such Invoice to recipient. The recipient accounts invoice in his books of accounts. If tax is involved in such sales, the tax is paid on the basis of Tax Invoice issued by the supplier. However, if a Tax Invoice already issued by supplier and later if such tax invoice amount is required to be changed, can it be revised by issuing additional invoice if amount to be increased or can a credit invoice be issued to reduce the invoice amount of originally issued tax invoice?

Can a Tax Invoice be revised under GST Law
The GST Law clarifies about issue of supplementary Invoice, Credit Note etc.as below:


As per GST Law, every registered taxable person who has been granted registration with effect from a date earlier than the date of issuance of certificate of registration to him, may issue revised tax invoices in respect of taxable supplies effected during the period starting from the effective date of registration till the date of issuance of certificate of registration:


Provided that the registered taxable person may issue a consolidated revised tax invoice in respect of all taxable supplies made to a recipient who is not registered under the Act during such period:


Provided further that in case of inter-State supplies, where the value of a supply does not exceed two hundred and fifty thousand rupees, a consolidated revised invoice may be issued separately in respect of all recipients located in a State, who are not registered under the Act.

This post is about revising a GST Tax Invoice after its issuance as per GST Law.

 



Share below your suggestions about  changing of GST Tax Invoice after submitting with GST returns and GST Tax payment. 

Relation Information links:

Contents of GST Tax invoice 

Endorsement in GST Tax Invoice under Exports 

Maximum allowed time to issue Tax Invoice after supply of Goods or/and Services 

Manner of Issuing GST Invoice 

How to obtain Invoice Reference Number of GST? 

What are the contents of Bill of Supply under GST? 

Debit Invoice (Debit Note) to original Invoice under GST Invoice 

How to issue Credit Invoice under GST in India? 

Contents of GST Tax Invoice of ISD 

GST Tax invoice of Banks and financial institutions 

GST Tax Invoice of Transport Company 

GST Invoice of Passenger Transporter




Procedures to obtain GST registration for non-resident taxable person

Is digital signature option available under registration of GST in India?
Advantages of GST registration in India
Who has to obtain GST registration in India?     
Does GST registration number of my firm change time to time in India?
Is GST registration required for a public sector undertaking?
Is amendment of GST registration allowed in India?
Cancellation of GST registration in India
Centralized GST registration of services permitted in India?
Retired from business ownership. Fresh GST registration in India?
GST Registration for Job workers in India
GST registration mechanism in India
Pre-registration of credit card necessary for GST payment in India

How to overcome Negative thoughts in export business

How to prepare an Export Invoice. Contents of Export commercial Invoice:

How to prepare an Export Packing list. Contents of Export Packing list

How to prepare Purchase order

Transferability of Bill of Lading

Transhipment - A redefinition

Travelers to India under import duty exemption, Frequently Asked Questions Part 2

Triangular export

Triangular shipment

Types of Insurance Documents.

How to protect parties each other in triangular exports

How to re-construct EP copy of shipping bill



 

 


Comments

 

Discussion Forum


You can also share your thoughts about this article.
Any one can answer on question posted by Readers



  Your Name - required  
  Email ID will not be published - Required  
   
(Enter above code)  


 

   
Track Your Air Shipment Here 
Track Your Sea Shipment Here 
   
   
   
   
   
 
Most Recent Articles
» Sec 152 of CGST Act, 2017 Bar on disclosure of information
» Power to collect statistics, Section 151 of CGST Act, 2017
» Section 150 Obligation to furnish information return, of CGST Act, 2017
» Goods and services tax compliance rating, Sec 149 of CGST Act, 2017
» Section 148 Special procedure for certain processes, CGST Act, 2017
» Deemed Exports, Sec 147 of CGST Act, 2017
» Section 146 of CGST Act, 2017 Common Portal
» Section 145 of CGST Act, 2017 Admissibility of micro films, facsimile copies of documents
» Section 144 Presumption as to documents in certain cases, CGST Act, 2017
» Job work procedure, Section 143 of CGST Act, 2017
  Import  |
  Export  |
  For Beginners  |
  Track Your Shipment  |
  Abbreviations  |
  Inco Terms  |
  Export India  |
  Import India  |
  Import US  |
  Export Import Terms  |
  Export incentives and benefits  |
  FAQ  |
  Bill of Lading  |
  Foreign Trade Policy 2015-20  |
  Start your own Export Import Business  |
  HS code  |
  Indian Budget 2014-15  |
  Banking (India)  |
  India Trade Classification (ITC)  |
  How to Import  |
  Containers  |
  Indian Budget 2015-16  |
  Income Tax  |
  Forms  |
  How to export  |
  Foreign Trade Policy 2014-19  |
  Freight forwarding Terms  |
  Business Terms  |
  Terms in Banking  |
  Shipping Terms  |
  Import Terms  |
  Export Terms  |
  Customs Terms  |
  Excise Terms  |
  International Business Terms  |
  Notifications  |
  GST  |
  SVB  |
  Indian Budget 2016-17  |
  Income Tax  |
  HS Codes  |
  GST Law  |
  GST,FAQ  |
  HSN Codes for GST  |
  SAC for GST  |
  Indian Budget 2017-18  |
  Service Tax 2017  |
  Me  |  Privacy policy  |  Terms and conditions  
Designed and Hosted by Adsin Media