Sample of credit note for rate difference


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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.

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.

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.

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!!

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

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

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

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


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