We are a trader. We returned the goods which were purchased earlier to the seller with delivery challan and e-way bill instead of issuing debit note. Is there any issue? Kindly advise me plz thanks in adv
30 July 2021
Though the supplier has to issue credit note in order to reduce the GST liability. The recipient has to issue Debit note for accounting purpose and to reduce the ITC to the extent of Debit note and also to record the purpose for issuing debit note.
CAclubindia
