Corrective invoices and adjustments - AR

Australia specifics

The Australian Tax Office requires that suppliers provide an adjustment note when corrections are made to the invoices. It can be a debit note or credit note. Adjustments can increase or decrease the tax amount.

This information must be included in the document:

• Supplier name
• Supplier's ABN number
• Recipients identity
• Recipients ABN number
• Issue date of the adjustment note
• Brief explanation of the reason for the adjustment
• The amount of the adjustment to the GST payable
• The difference between the price of the supply before and after the adjustment event. If the supply is not wholly taxable, then the price of the part of the supply that is affected by the adjustment event is preferable.
• The adjustment note should indicate its purpose and include these words, as applicable, in the heading or in the body of the document:
• • Adjustment Note
  • GST Adjustment
  • Tax Invoice Adjustment
  • Amended Tax Invoice

The supplier must issue an adjustment note within 28 days or before the request is received by the recipient or becoming aware of the adjustment.