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Goods returned by the party and whose credit note will be valid

This query is : Resolved 

24 November 2021 We sold goods to the party and now party is returning goods. Can the party issue debit note and return goods to us by eway bill. Credit note issued by us or debit note issued by buyer will be valid?
Please clarify?

24 November 2021 Credit note issued by seller is valid.

24 November 2021 If the party returning the goods issues debit note and eway bill is prepared on debit note basis will it be valid? Please clarify?

24 November 2021 The credit note is a convenient and legal method by which the value of the goods or services in the original tax invoice can be amended or revised. The issuance of the credit note will easily allow you to decrease your tax liability in your his returns.

24 November 2021 E way bill based on debit note is not valid one

24 November 2021 It means goods can be returned by issuance of credit note and eway bill can be generated either by buyer or seller

24 November 2021 Yes, you are right......

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