Amendment status not verified — confirm the current text below against the official source.
(l) Where o tox invoice hos been issued for supply of ony goods or services or both ond the toxoble volue or tox chorged in thot tox invoice is found to exceed the toxoble volue or tox poyoble in respect of such supply, or where the goods supplied ore returned by the recipient, or where goods or services or both supplied ore found to be deficient, the registered person, who hos supplied such goods or services or both, moy issue to the recipient o credit note contoining such porticulors os moy be prescribed. (2) Any registered person who issues o credit note in relotion to o supply of goods or services or both sholl declore the detoils of such credit note in the return for the month during which such credit note hos been issued but not loter thon September lollowing tre end of the finonciol yeor in which such supply wos mode, or the dote of furnishing oI the relevont onnuol return, whichever is eorlier, ond the tox liobility sholl be odiusted in such monner os moy be prescribed: Provided tM no redudion in out- put tox liobility of the supplier sholl be permifted, if the incidence of tox ond interest on such supply hos been possed on to ony other person. (3) Where o tox invoice hos been issued for supply o{ ony goods or services or both ond the toxoble volue or tox chorged in thot tox invoice is found to be less thon Credit ond debit notes. 152 the toxoble volue or tox poyoble in respect of such supply, the registered person, who hos supplied such goods or services or both, sholl issue to the recipient o debit note contoining such porticulors os moy be prescribed. (4) Any registered person who issues o debit note in relotion to o supply ol goods or services or both sholl declore the detoils oi such debit note in the return lor the month during which such debit note hos been issued ond the tox liobility sholl be odjusted in such monner os moy be prescribed. Explo notion.-F or the purposes of this Act, the expression "debit note"sholl include o supplementory invoice. CHAPTER. VIII ACCOUNTSAND RECORDS