Tag: Debit Notes in GST

GST rate on debit /Credit note-whether as per pre-GST regime or at the rate applicable under GST – Clarification The CBIC has issued Circular No. 76/50/2018-GST clarifying certain issues related to GST. The following clarification has been given on the subject: Question: In case a debit note is to be …

Debit Notes in GST treated as tax invoice for the purpose of returns and payments of tax liability Debit Notes in GST Introduction A supplier of goods or services or both is mandatorily required to issue a tax invoice. However, during the course of trade or commerce, after …