Revise Fax Invoice For Free

A credit note can be used to make a downward revision in the invoice value. In contrast, a supplementary invoice or debit note can be used to make an upward modification or other deficiencies in invoices. A change in the GST rate may result in an upward or downward revision in the prices of goods or services.

Amendments can be made in each invoice and details at the summary level also. Both types of amendments have their own limitations. These must be followed clearly to avoid any mistakes in filing GSTR 1.

To revise an invoice, it must include details such as a unique alphanumeric serial number, invoice date, information about the supplier and recipient, the supplier's signature, etc. A supplementary invoice can be issued to cover upward revisions whereas a credit note can be used to convey a downward revision.

If an incorrect invoice has been sent, the business must issue a cancellation invoice with its own, new invoice number. This will include a negative invoice amount, as well as the original invoice number and the date it was issued. Then, a correct invoice can be raised with a different invoice number.

How do you correct an incorrect invoice? Call your customer. You cannot simply correct an error on your invoice. This is because it is now an official document that you can only correct with an official credit or debit note. ... Send a credit note or debit note. Credit note. Was the amount on your invoice too high?

The original invoice serial number must be provided for which the supplementary invoice is to be issued. The differential amount of tax, the taxable value of the goods or services or rate of tax. Signature of an authorized person for the physical document, or digital signature for the electronic invoice.

A taxable person may issue a revised invoice for an invoice already issued by him before obtaining GST registration. A taxable person has to issue a supplementary tax invoice in a case where any deficiency is found in a tax invoice already issued by a taxable person.