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?
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:
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