What is the time limit for issue of debit/credit note(s) for revision of prices?
Question 16
Bill
Transitional Provisions
Faq On GST (2nd Edition) Dated 31.3.2017
Q 16. What is the time limit for issue of debit/credit note(s) for revision of prices?
Ans. The taxable person may issue the debit/credit note(s) or a supplementary invoice within 30 days of the price revision.
In case where the price is revised downwards the taxable person will be allowed to reduce his tax liabil
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