debit note issue

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.