Sample of credit note for rate difference

Save Share

This query is : Resolved

Quick Summary

This discussion provides a sample credit note for a supplier issuing it due to a decrease in price, including GST implications. It details how to calculate the credit note amount for a specific rate difference per metre and the applicable GST. The query also clarifies that typically only the supplier issues credit and debit notes.

ARUN GUPTA

ARUN GUPTA (Querist)
Follow

03 May 2023 I need a sample of credit note issued by supplier for decrease in price with gst. Pl provide me a link or sample of such type of credit note as required for issuance of such credit note.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

03 May 2023 https://www.zoho.com/in/books/gst/credit-note.html#:~:text=For%20example%2C%20if%20a%20product,be%20issued%20by%20the%20vendor.

ARUN GUPTA

ARUN GUPTA (Querist)
Follow

03 May 2023 If possible could you give sample of credit note for 50 p price reduction for 30000 metres and gst @5% . How credit note will be prepared for above rate difference of 50p per metre? Pl make credit note with details with Mr x as supplier and Mr A as buyer!!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

03 May 2023 Credit note for rate difference.

Mr X
Address:
GSTIN;
PAN:

Mr A
Address:
GSTIN:
PAN;

Product:
Qty; 30,000
Price difference: 0.50
SGST:. 2.5%
CGST: 2.5%.

Calculate the value and finalize credit note

ARUN GUPTA

ARUN GUPTA (Querist)
Follow

03 May 2023 Thanks Sir lot for your valuable support and cooperation

ARUN GUPTA

ARUN GUPTA (Querist)
Follow

03 May 2023 In gst does both supplier and buyers need to issue credit note and debit note respectively?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

04 May 2023 Only supplier has to issue credit/debit note.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now