1. Please tell after how much time the Debit Note can be issue
d for the Original Issuance of Invoice?
2. What changes can be done in the Debit note? Whether GSTIN can be changed in the Debit note other than the GSTIN mentioned in the original Invoice?
3. Please quote circular/notifications issued by the Government for above queries/Debit Note.
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Debit Note Query under GST
Replies (2)
As per Notification 92/2020 CT , the Clause 118 of Finance Act 2020, has de-link the date of issuance of debit
note from the date of issuance of the underlying
invoice for purposes of availing
input tax credit.
So
1. No time limit to issue the debit note .
2. Yes the GSTN can be ammended in Debit Note under amendment table of GSTR-1.
Note : Effective from 1/1/2021
So
1. No time limit to issue the debit note .
2. Yes the GSTN can be ammended in Debit Note under amendment table of GSTR-1.
Note : Effective from 1/1/2021
Sir Amendment in GSTIN is not prescribed in Section 34 Of CGST Act, only value/tax rate amendment is allowed in Section 34. Is there any supporting Notification/circular for the amendment of Recipient Name(GSTIN) in the debit note. please share
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