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CA Final · Indirect Tax Laws · Tax Invoice, Credit and Debit Notes

Rao Pharma, Hyderabad, was granted GST registration on 20 August 2024 with effect from 1 August 2024 (the effective date). Between 1 and 19 August 2024 it made taxable supplies to unregistered customers in another State, each below Rs 2,50,000. It wants to issue revised tax invoices. Which course is permitted under Rule 53 of the CGST Rules?

Rao Pharma may issue revised invoices for supplies between the effective date and the certificate date. For inter-State supplies of Rs 2,50,000 or less to unregistered persons, it may issue a consolidated revised invoice separately for recipients in each State, not one across all States.

  1. ARevised invoices are not allowed for any period before the certificate date
  2. BA consolidated revised invoice for all unregistered recipients across all States, regardless of State
  3. CA separate revised invoice for every transaction is compulsory
  4. DIt may issue revised invoices for the period from the effective date to the certificate date, and for inter-State supplies not exceeding Rs 2,50,000, a consolidated revised invoice separately for all unregistered recipients located in a StateCorrect

Explanation

Rule 53(2) permits revised tax invoices for supplies from the effective date of registration till the certificate issue date. The second proviso allows, for inter-State supplies not above Rs 2.5 lakh, a consolidated revised invoice separately for the unregistered recipients located in each State. Option B ignores the State-wise requirement.

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