Revised Tax Invoice under GST

A tax invoice issued by a supplier of goods or services under GST must conform to the rules laid out for issuing an invoice. After an invoice is issued, there might be a requirement to revise or modify the invoice due to various reasons. In such cases, the rules laid out in the GST Act for revising an invoice must be followed. In this article, we 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 symbolised 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, along with the name of State and its code, if such recipient is un-registered;
• Serial number and date of the corresponding tax invoice or, as the case may be, bill of supply;
• Value of taxable supply of goods or services, rate of tax and the amount of the tax credited or, as the case may be, debited to the recipient;
• Signature or digital signature of the supplier or his authorized representative.

Supplementary Tax 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 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 the 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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