Gujarat Value Added Tax Act, 2003
Subject to the provisions of sections 8 and 60, where a tax invoice has been provided as contemplated in sub-section (1) of section 60, and- (a) the amount shown as tax charged in the tax invoice exceeds the actual tax charged in respect of the sale concerned, the seller shall provide [within such period as may be prescribed, the purchaser, with a credit note] of the sales of goods involved in the transaction, containing such particulars as may be prescribed; (b) the actual tax charged in respect of the sale concerned exceeds the tax shown in the tax invoice as charged, the seller shall provide the purchaser with a debit note, containing such particulars as may be prescribed: 112. These words were substituted for the words, "shall, at the request of purchaser, provide to him" by Guj. 6 of 2006, s.24(1). 113. These words, figures and letters were substituted for the words and figure "Section 14” by Guj. 25 of 2006, Part 1, s.9 (i). 114. These figures, letters and words were substituted for the figures, letters and word "14 B or 14C" ibid., Part II, s.16. 115. This word was deleted, ibid., Part 1, s.9(ii). 116. The word"or" was added, ibid., Part 1, s.9(iii). 117. Clause (e) was added, ibid., Part 1, s.9 (iv). 119. These words were substituted for the words "the purchaser with a credit note within three months" ibid., s.25(1). H-678-15 [ Provided that not more than one credit note or, as the case may be, debit note shall be issued for the amount in excess.].