Credit Note

Section 34(1) of CGST Act, 2017

Where one or more tax invoices have issued for supply of any goods or services or both and 

a) the taxable value or tax charged in that tax invoice is found to exceed the taxable value or tax payable in respect of such supply, or

b) where the goods supplied are returned by the recipient, or

c) where goods or services or both supplied are found to be deficient,

the registered person, who has supplied such goods or services or both, may issue to the recipient one or more credit notes for supplies made in a financial year containing such particulars as may be prescribed.