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Revised Tax Invoice under GST


Revised Tax Invoice under GST

Upon modifying the revised tax invoice under GST, the supplier should follow the rules and format as per the GST rules. While providing the invoice for the goods and services, the supplier may require to revise or modify the invoice for various reasons. In such cases, the supplier shall follow the rules laid out in the GST Act when editing an invoice. In this article, let us look at the procedure for revising a GST invoice.

GST Revised Invoice Format

All revised tax invoices under GST must contain the following particulars:

  • The word “REVISED INVOICE”, indicated prominently on the invoice.
  • Name, address and GSTIN of the Supplier;
  • Nature of the document;
  • Consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters -hyphen or dash and slash symbolized as “-” and “/” respectively, and any combination thereof, unique for a financial year;
  • Date of issue of the invoice;
  • Name, address and GSTIN or UIN, if registered, of the recipient;
  • Name and address of the recipient and the address of delivery. The details shall also include the name of the State and its code. (for the un-registered recipient);
  • Serial number and date of the corresponding tax invoice. It applies for a bill of supply;
  • Value of taxable supply of goods or services, rate of tax, and the amount of the tax credited or. It applies if debited to the recipient;
  • A signature, digital signature of the supplier, or authorized representative.

Supplementary Invoice

According to the GST Act, when a tax invoice has been issued for supply of any goods or services and the taxable value or tax charged in that tax invoice is less than the taxable value or tax payable for the supply, then the taxpayer can issue a debit note. The word debit note includes a supplementary invoice, in case of the GST Act.

The details of the debit note or supplementary invoice issued in such circumstances should then be included in return for the month during which such debit note has been issued, and the tax liability should be adjusted, subject to the rules.

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