January 9, 2023

What is a revised invoice under GST?

While directing business, usually an invoice under Goods and Services Tax (GST) may have been issued unintentionally, or a couple of invoices might require changes. In such cases, the invoices should be amended and detailed in the month-to-month returns. This process is known as the rectification of invoices.

Correction of tax invoices can happen in more ways than one, and it can result either in an updated invoice or a supplementary invoice. For instance, there can be an upward or downward modification in the costs of goods and services or an adjustment of the GST rate. A descending update should be possible utilizing a credit note, while one can make a vertical correction with a valuable receipt or debit note. Nonetheless, when an enrolled individual needs to issue an invoice for the provisions made prior to getting enlistment, it is known as a ‘revised invoice’.

When to issue a revised invoice under GST?

Under GST, all available vendors should apply for temporary enlistment and do every one of the customs to get a long-lasting enrollment declaration. In the wake of acquiring the GST enrollment declaration, the taxpayer should issue revised invoices for every one of the invoices issued between the time of the-

Date of execution of GST

Date of issue of the registration certificate

The revised invoice should be issued in the span of one month from the date of issue of the registration certificate.

How to revise GST invoices?

The enrolled individual should issue a revised invoice against all invoices previously issued during the above said period. The taxpayer ought to specify the subtleties of the original invoice and issue a revised invoice in the organization referenced beneath.

Format of a revised invoice

The GST regulation commands that the subtleties referenced underneath are  included in a revised invoice:

1. The nature of the invoice, for example, "Revised Invoice" or "Supplementary Invoice", showed conspicuously.

2. Name, address, and GSTIN of the provider.

3. An alpha-numeric chronic number for the receipt, intended for the monetary year.

4. Receipt date.

5. Name, address, and GSTIN (whenever enrolled) of the beneficiary.

6. Name, address of the conveyance place, and its individual state and code (assuming the beneficiary is an unregistered individual).

7. The first receipt chronic number and date against which the reconsidered/strengthening receipt is being given.

8. A signature or computerized mark of the provider or approved individual.


GSTIN or GST Identification Number

How to cancel GST registration in the GST portal?

CVV Number on Debit or Credit Card

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