SUPPLEMENTARY TAX INVOICE AND REVISED INVOICE IN GST
By: – Dr. Sanjiv Agarwal
Goods and Services Tax – GST
Dated:- 14-12-2016
Supplementary Tax Invoice
Supplementary tax invoice has not been defined under Model GST law. Supplementary tax invoice has to be issued by taxable person in case where any deficiency is found in a tax invoice already issued by a taxable person. Dictionary meaning of the term 'supplementary' is 'added to complete or make up a deficiency'. Thus, supplementary tax invoice is to be issued where any deficiency is found in a tax invoice issued already to supplement / remove such deficiency.
Details required to be shown
According to Rule 4 of draft GST Invoice Rules, a supplementary tax invoice and / o
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signature or digital signature of the supplier or his authorized representative.
Input Tax Credit
As per section 16(1) of Model GST law, no registered taxable person shall be entitled to the credit of any input tax in respect of any supply of goods and/or services to him unless he is in possession of tax invoice, debit note, supplementary invoice or such other taxpaying document as may be prescribed, issued by a supplier registered under the CGST/SGST or the IGST Act.
However, a taxable person who has received supplies from a supplier who is paying tax under composition levy scheme or supplying non-taxable goods and/or services cannot take input tax credit on the basis of a bill of supply.
Revised invoice
'Revised invoice' h
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credit of tax charged in the revised invoice.
The period covered for issuing of revised invoice is the period starting from the effective date of registration till the date of issuance of certificate of registration. Therefore, a registered taxable person cannot issue a revised invoice against the invoice issued by him after the date of issuance of certificate of registration.
Difference between a revised invoice and a supplementary invoice
Difference between a revised invoice and a supplementary invoice can be enumerated as follows:
Particulars
Revised Invoice
Supplementary Invoice
Meaning
Revised invoice may be issued by taxable person in relation to any invoice already issued by him.
Supplementary tax invoice has to be issued
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