Issue of credit note by the supplier for over priced invoice

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ARUN GUPTA (Querist)
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02 May 2023 My supplier over priced gst invoice by 50p per metre. What will he write in the credit note and how will i make entry in my books of accounts?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 May 2023 Write over priced in the credit note.
Credit the purchase and debit the supplier.

ARUN GUPTA

ARUN GUPTA (Querist)
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02 May 2023 Over priced by 50p in the gst invoice so issued credit note by the supplier

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 May 2023 No problem credit note can be issued.

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