Revised tax invoice in GST
What is revised tax invoice in revised GST model law:
Revised tax invoice is issued when there is some revision in the contents of invoice already issued.
When a taxpayer can issue a revised tax invoice in GST
In revised GST Model Law section 28(3a) (earlier section 23) provide for the issuance of revised tax invoice in GST. The section provide that a registered taxable person may issue a revised invoice within one month from issuance of certificate of registration. This revised tax invoice will be issued in prescribed manner. It will be issued against the invoice already issued during the period starting from the effective date of registration till the date of issuance of certificate of registration to him.
When a person apply for registration he is eligible to issue tax invoice and charge GST from effective date of registration. But he will be able to get GSTIN only after registration. What is effective date of registration is not defined in GST Law.
Consolidated revised tax invoice in GST
- Draft rules on GST invoices provide that the registered taxable person may issue a consolidated revised tax invoice. It will be in respect of all taxable supplies. These supplies are made to a recipient who is not registered under the Act during such period
- Provided further that in case of inter-State supplies, where the value of a supply does not exceed two hundred and fifty thousand rupees, a consolidated revised invoice may be issued separately in respect of all recipients located in a State, who are not registered under the Act.
CA Shafaly Girdharwal
CA
New Delhi, India
CA Shaifaly Girdharwal is a GST consultant, Author, Trainer and a famous You tuber. She has taken many seminars on various topics of GST. She is Partner at Ashu Dalmia & Associates and heading the Indirect Tax department. She has authored a book on GST published by Taxmann.
