Gayathri Maruwada (52 Points)
23 March 2019
CA Abhilash N
(Chartered Accountant)
(265 Points)
Replied 24 March 2019
Dear Gayathri,
In terms of section 34(3) of CGST Act, where the taxable value or tax charged in tax invoice for supply found to be less than the taxable value or tax payable in respect of such supply, the registered person would issue a debit note.
Issue of debit note would increase the turnover and in tern GST liability to be discharged. Hence, same to be disclosed in GSTR 1.
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