Term Revised tax invoice, credit or debit notes under GST

What is Revised tax invoice, credit or debit notes under GST

 

The details about Revised tax invoice, credit or debit notes under GST are explained here. 

Revised tax invoice and credit or debit notes. -

A revised tax invoice referred to in section 31 and credit or debit notes referred to in section 34 shall contain the following particulars, namely:-

  1. the word “Revised Invoice”, wherever applicable, indicated  prominently;
  2. name, address and Goods and Services Tax Identification Number of the   supplier;
  3. nature of the document;
  4. a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters-hyphen or dash and slash symbolised as “-” and “/” respectively, and any combination thereof, unique for a financial year;
  5. date of issue of the  document;
  6. name, address and Goods and Services Tax Identification Number or Unique Identity Number, if registered, of the  recipient;
  7. name and address of the recipient and the address of delivery, along with the name of  State and its code, if such recipient is  un-registered;
  8. serial number and date of the corresponding tax invoice or, as the case may be, bill of supply;
  9. value of taxable supply of goods or services, rate of tax and  the  amount  of  the  tax credited or, as the case may be, debited to the recipient;   and
  10. signature or digital signature of the supplier or his authorised   representative.

Every registered 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 the issuance of the certificate of   registration:

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

Any invoice or debit note issued in pursuance of any tax payable in accordance with the provisions of section 74 or section 129 or section 130 shall prominently contain the words “INPUT TAX CREDIT NOT ADMISSIBLE”.

The information on Revised tax invoice, credit or debit notes under GST is detailed above.   Comment below your thoughts on Revised tax invoice, credit or debit notes under GST.

 


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