A debit note is issued when the taxable value or tax charged in the original invoice is found to be less than the actual amount. Under Section 34 of the CGST Act, 2017, a registered person who has issued a tax invoice and subsequently discovers that the tax amount or value of supply needs to be incr
1 template availableA debit note is issued when the taxable value or tax charged in the original invoice is found to be less than the actual amount. Under Section 34 of the CGST Act, 2017, a registered person who has issued a tax invoice and subsequently discovers that the tax amount or value of supply needs to be increased, must issue a debit note. This commonly occurs when there is a price revision after the original invoice, additional charges are identified, or there was an undercharging error. Unlike credit notes, there is no time limit for issuing debit notes under GST. The debit note must contain details of the original invoice, the differential amount, and the additional tax. Our templates are designed with all mandatory fields and calculation formulas to ensure accurate supplementary billing.