Changes in GST Credit & debit notes from 01.02.2019

By | January 28, 2019
(Last Updated On: January 28, 2019)

Changes in GST Credit & debit notes from 01.02.2019 जीएसटी क्रेडिट और डेबिट नोटों में परिवर्तन

GST Credit and Debit Notes

Section 34 of CGST Act 2017 Amended for. Credit and debit notes., so as to allow registered persons to issue consolidated credit or debit notes in respect of multiple invoices issued in a Financial Year.

Example-1 : Where more than one Tax Invoice Issued

Date Tax Invoice No Amount GST Total
01.02.2019 1 1000 180 1180
10.02.2019 2 2000 360 2360
11.02.2019 3 3000 540 3540

You can Issue One Consolidated Credit Note for all Invoices

Date Credit Note No Amount GST Total
12.02.2019 1 500 90 590

Example -2 : Where one Tax Invoice Issued

Date Tax Invoice No Amount
01.02.2019 1 10000

You can issue more than one credit Note for Tax Invoice

Date Credit Note No Amount GST Total
01.02.2019 1 500 90 590
10.02.2019 2 600 108 708
11.02.2019 3 700 126 826

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GST Debit Note : Free Study Material

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