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

Which set of particulars is required to appear on a credit or debit note under rule 53(1A) of the CGST Rules, 2017?

A credit or debit note must carry the serial number(s) and date(s) of the corresponding tax invoice(s) or bill(s) of supply, plus the value of taxable supply, rate of tax and tax amount credited or debited, along with supplier and recipient details and signature, as set out in rule 53(1A).

  1. ASerial number(s) and date(s) of the corresponding tax invoice(s) or bill(s) of supply, and value of taxable supply, rate of tax and tax amount credited or debitedCorrect
  2. BOnly the name of the recipient and the amount of the adjustment
  3. CHSN code of each item and the e-way bill number of the original consignment
  4. DThe word "Revised Invoice" and the date of registration certificate

Explanation

Rule 53(1A) lists the supplier's name, address and GSTIN, nature of the document, a consecutive serial number up to sixteen characters unique for a financial year, date, recipient details, the serial number(s) and date(s) of corresponding invoice(s), the value of taxable supply, rate and tax credited or debited, and signature. The HSN and e-way bill items are not listed, and "Revised Invoice" applies to revised tax invoices.

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