Amendment status not verified — confirm the current text below against the official source.
(1) (2) ' Aperspnwhoisnotaregisteredpersonshallnotoollect mrespectofanysupplyofgoodsorservrcesorbothany amountbywayoftaxunderthisAct. Noregistered personshallcollecttaxexceptin accordancewiththeprovrsionsofthisActortherules’ made thereunder. / Notwithstanding anything contained in this Act or any other lawforthefimebdnginfomwhereanysupplyismadefor aconsiderationmverypersonwhoisliabletopayuxforsudi supply shall prominently indicate'in all documents relatingto assessment, taxinvoice and otherlike documents, the amount oftaxwhichshallformpartofthepriceatwhich such supply ismade. (1) Whereataxinvoicehasuenissuedforsiipplyofany goodsorservicesorbothandthetaxablevalue ortax chargedinthattaxinvoiceisfoundtoexceedthetaxable , value or tax payablein respect of such supply, or where the goods suppliedareretumedbythe recipient. or 'wheregoodsorservicesorbothsuppliedatefoundtobe deficient, the registered person, who has supplied such goods or services or both, may issue to the recipient acreditnotecontainingsudipmticularsasniaybe prescribed unauthorisedoollection oftax Amountoftaxtnbe g. indicatedintaxinvotoe Creditanddehnnotes. 5Q A2) ,Ahnyregistgred person who issues aeredit note in relation f A 1,673 supply ofseeds or services“ botfi shall declare the details‘flof such ‘credit‘not‘e inth'e return for the month during which such’gi‘efit‘hote'ha‘s beEn issued but not lMter than September fellowins the end at the financial W mwhwhsuch‘wwlvmmade or the date off-ling of the relevant annual return. Whichever is earlier, and if new; liabili ashall bquiTiSted in sueh: manner as may bepmsefiM' \ , Provided that no reduction in output tax liability of the - supplier-shall be permitwd. ifthe incidenceoftax and interest on suchsupplihasbeenpass‘edontoanyotherperson. (9) ,Where a tax invoicihasbeenissued for supply of any - :39de or Whom and thetaxable value or tax charged inthattaxinvoiceisfoundtobelessthanthe taxable value or tax payable in respect of such supply, the registered person, who has supplied such goods or ser'vic‘es’br both, shall issue to the recipient a debit note containingsuch partiqnlars asrmybe‘pr‘eserihed. (4) Any registered person who issues a debit note in relation & to 9; supply ofgoods or services or both shall declare the details of such debit‘iiotein the return For the month ‘ during which “such 'délifi‘inoteflh‘as been issued and the tax liabilityshafl hemmed in‘such manner as may be prescribed. . . .2 3’3? 2- - ’_ A : ' Explanationz—Eor the 'purposesof this? Acmthe Expression “debit " note" shall include a supplementary invoice. .. 5,1: