Consolidated credit/debit Notes will be allowed under GST

By | July 11, 2018
(Last Updated On: July 12, 2018)

Consolidated credit/debit Notes will be allowed under GST  : proposed GST Amendment

Govt is going to Amend Section 34 of CGST act 2017.

At present, a credit/debit note which is issued by the registered person is required to be issued
invoice-wise. This causes avoidable compliance burden for tax payers. Thus, it is proposed
to allow issuance of consolidated credit/debit which is in line with the best international practices.

The amendment seeks to permit a registered person to issue consolidated credit / debit notes
in respect of multiple invoices issued in a Financial Year without linking the same to individual invoices.

Refer Draft Proposal for Amendments in GST Laws Released 09.07.18

New GST News on Amendment in GST Act

Top 10 Amendments Proposed in GST Laws

Draft Proposal for Amendments in GST Laws Released 09.07.18 : Download /Print

Video – GST ITC to be allowed on Foods etc provided to employees : GST News 367

GST Return Amendment will be Allowed : Proposed GST Act Amendment

GST : Employers to be allowed to claim ITC on food , transport, Insurance

GST ITC on Vehicles will be allowed : Proposed GST Amendment

New GST ITC Utilization Process : Proposed GST Amendment

GST Composition Scheme : Proposed Amendment in GST Act

Section 9(4) of CGST Act : Proposed Amendment (Reverse Charge)

Delete reverse charge mechanism u/s 9(4) : GST panel recommendation

GST Practitioner Powers to be increased  : proposed GST Amendment

 

 

 

 

Leave a Reply

Your email address will not be published.