GST
Numbering credit notes and debit notes
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Facts
Rule 53 requires credit and debit notes to carry a consecutive serial number unique for the financial year. Keep separate series for credit notes and debit notes, distinct from invoices.
Provisions and law
- Rule 53, CGST Rules 2017Revised tax invoice, credit note and debit note contents, including a serial number
- Sec 34, CGST Act 2017Issue and reporting of credit and debit notes
Analysis
Use series like CN/26-27/001 and DN/26-27/001. Each note refers to the original invoice. A separate series makes reconciliation and Table 13 reporting easier.
Conclusion
- Create separate series for credit and debit notes.
- Reference the original invoice on each note.
- Report them in GSTR-1 and Table 13.
- Watch the Sec 34 time limit.
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Invoice series, numbering and document summary (GSTR-1 Table 13)
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