52. Credit notes and debit notes.—

(1) Every credit or debit note shall include the following information, namely:—

(a) the serial number of the credit or debit note, and the date and time of its issue;

(b) the name, address and business identification number of the supplier;

(c) the serial number, date and time of the relevant original tax invoice;

(d) the nature of the adjustment;

(e) the effect on the amount of VAT;

(f) the name, address and business identification number of the recipient of the supply if the amount of VAT payable on the supply is more than Taka 5 000.00 (five thousand) only; and

(g) any other information necessary to identify the amount of any increasing or decreasing adjustments because of any adjustment event.

(2) If a credit note does not contain the information specified in clause (f) of sub-section (1), it shall not be used in support of a claim for any decreasing adjustment.