The Central Goods and Services Tax Act, 2017
CHAPTER VII: TAX INVOICE, CREDIT AND DEBIT NOTES
Section 34: Credit And Debit Notes
Bare Act
(1) Where one or more tax invoices have been issued for supply of any goods or services or both and the taxable value or tax charged in that tax invoice is found to exceed the taxable value or tax payable in respect of such supply, or where the goods supplied are returned by the recipient, or where goods or se… Read the complete text with KanoonGPT Pro.
Explanation using examples
Imagine a situation where "ABC Electronics Ltd." sold 50 TVs to "XYZ Supermarket" at a unit price of ₹30,000 plus applicable GST. Later, they realize that the correct… Read the complete text with KanoonGPT Pro.
