We would try to understand how a revised tax invoice under GST tax should be issued as a part of the basics of GST series. A GST tax invoice which is issued by a goods or services supplier, must conform to the rules which have been laid out for issuing an invoice. After it has been issued, there might be a requirement to revise or modify the issued invoice due to various reasons. This article would show the procedure of revised invoice.
Revised Invoice Format for GST tax
The revised GST tax invoice must have the following
• The word “REVISED INVOICE”, should be mentioned clearly on the invoice.
• Supplier’s GSTIN, Name and address
• Nature of the document
• Serial Number
• Invoice Issue Date
• Name, address and GSTIN or UIN, if registered, of the recipient;
• Name and address of the recipient and complete address of delivery, if recipient is unregistered
• 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
GST Act says, when a GST 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. “Debit note” also includes supplementary invoice, in case of the GST Act.
in such circumstances, the details of the debit note or supplementary invoice issued 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.