Section 51 of Delhi Value Added Tax Act 2004 - Credit and debit notes

What is Credit and debit notes Section 51 of DVAT Act 2004

 

Section 51 : Credit and debit notes - Delhi Value Added Tax Act 2004

Rule 45

Where a tax invoice has been issued in respect of a sale and


 

(a) the amount shown as tax in that tax invoice exceeds the tax payable in respect of the sale, the dealer shall provide the purchaser with a credit note, containing such particulars as may be prescribed; or

(b) the tax payable in respect of the sale exceeds the amount shown as tax on the tax invoice, the dealer shall provide the purchaser with a debit note, containing such particulars as may be prescribed.