debit note issue
partha (ACCOUNTANT) (80 Points)
07 July 2018
when I apply debit note issue in GST RETURN
1 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 07 July 2018
A debit note should be issued in the following circumstances:
- The taxable value shown in the invoice is lesser than the taxable value of the supply, or
- The tax charged in the invoice is less than the tax payable on the supply.
The following aspects need to be noted:
- Where there is no change in the taxable value/ tax amount, a debit note need not be issued.
- A debit note has to be issued by the supplier.
- A debit note issued by a recipient, say for accounting purposes, is not a relevant document for GST purposes.
- Debit note includes a supplementary invoice
The details of the debit note have to be declared by the supplier in the return of the month of the issue of debit note.
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