MURALIDOSS (INCOME TAX PRACTITIONER) (1329 Points)
03 August 2024An Invoice raised and filed by supplier april month 2024,but the receipient inform him to change the values or some correction in same invoice by july 2024 only what will do? amendment in same invoice after 4 months can or not? how long can we amendment?
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 03 August 2024
If changes are acceptable to the supplier then , Supplier has to pass either Credit Note or Debit Note as the case may be , refering Original Invoice details , refer section 34 of the CGST Act , this is my opnion take more opnion .
CA Anoop Kumar Sharma
(Accounts Manager)
(2065 Points)
Replied 03 August 2024
Instead of amending the original invoice you will issue/generate a credit note (if reducing the amount) or a debit note (if increasing the amount) to adjust the values.
CAclubindia
