Section 34

(1) A registered person who has supplied goods or services or both and has issued a tax invoice may issue a credit note where the taxable value or tax charged in the invoice exceeds the actual taxable value or tax payable, or goods are returned or services are found deficient. (2) Any registered person who issues a credit note in relation to a supply of goods or services or both shall declare the details in the return for the month during which such credit note has been issued.