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
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