Section 34: Credit and debit notes

Q: What does Section 34 of The State Goods and Services Tax Act, 2017 (Model) (SGST) deal with?

Section 34 SGST pertains to "Credit and debit notes". It is part of the The State Goods and Services Tax Act, 2017 (Model), a legislation enacted by the Parliament of India. Section 34 of The State Goods and Services Tax Act, 2017 (Model) (SGST) governs credit and debit notes. As verified on 19 May 2026.

Q: Is Section 34 SGST still in force?

Yes, Section 34 of the The State Goods and Services Tax Act, 2017 (Model) is currently in force across the Republic of India.

Q: What is धारा 34 SGST?

धारा 34 SGST is the Devanagari Hindi reference for Section 34 of the The State Goods and Services Tax Act, 2017 (Model). Section 34 of The State Goods and Services Tax Act, 2017 (Model) (SGST) governs credit and debit notes. As verified on 19 May 2026.

Q: What is Dhara 34 SGST?

Dhara 34 SGST is the Roman Hindi reference for Section 34 of the The State Goods and Services Tax Act, 2017 (Model). "Dhara" means "Section" in Hindi. Section 34 of The State Goods and Services Tax Act, 2017 (Model) (SGST) governs credit and debit notes. As verified on 19 May 2026.

Q: How to cite Section 34 of The State Goods and Services Tax Act, 2017 (Model)?

Cite as: "Section 34, The State Goods and Services Tax Act, 2017 (Model) (SGST)" in legal briefs. For academic writing, use the BlueBook format: The State Goods and Services Tax Act, 2017 (Model), § 34 (India).

Law on Tips Editorial Board

(1)

[Where one or more tax invoices have] [Substituted 'Where a tax invoice has' by Punjab Act No. 1 of 2019, dated 8.1.2019.] been issued for supply of any goods or services or both and 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 where the goods supplied are returned by the recipient, or 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] [Substituted 'a credit note' by Punjab Act No. 1 of 2019, dated 8.1.2019.] containing such particulars as may be prescribed.

(2)

Any registered person who issues a credit note in relation to a supply of goods or services or both shall declare the details of such credit note in the return for the month during which such credit note has been issued but not later than September following the end of the financial year in which such supply was made, or the date of furnishing of the relevant annual return, whichever is earlier, and the tax liability shall be adjusted in such manner as may be prescribed:

Provided that no reduction in output tax liability of the supplier shall be permitted, if the incidence of tax and interest on such supply has been passed on to any other person.

(3)

[Where one or more tax invoices have] [Substituted 'Where a tax invoice has' by Punjab Act No. 1 of 2019, dated 8.1.2019.] been issued for supply of any goods or services or both and the taxable value or tax charged in that tax invoice is found to be less than the taxable value or tax payable in respect of such supply, the registered person, who has supplied such goods or services or both, shall issue to the recipient [one or more debit notes for supplies made in a financial year] [Substituted 'a debit note' by Punjab Act No. 1 of 2019, dated 8.1.2019.] containing such particulars as may be prescribed.

(4)

Any registered person who issues a debit note in relation to a supply of goods or services or both shall declare the details of such debit note in the return for the month during which such debit note has been issued and the tax liability shall be adjusted in such manner as may be prescribed.

Explanation. - For the purposes of this Act, the expression "debit note " shall include a supplementary invoice.