Issuance of debit, credit notes for tax adjustment

Section 9 of the Sales Tax Act, 1990 provides a framework for the issuance of debit and credit notes by registered persons. This significant provision, incorporated through the Finance Act, 2021, allows for the modification of tax invoices in response to events such as the cancellation of a supply, return of goods, or changes in … Continue reading Issuance of debit, credit notes for tax adjustment