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Credit/Debit Note E-Invoice

Rules 3717 views 5 replies

We fall under compulsory e invoicing provisions. Is e invoicing necessory to be done for credit debit notes as well??

 

If yes, what if we have not prepared e invoice for the same?

Replies (5)
Quick Summary
For taxpayers under mandatory e-invoicing, credit notes and debit notes also need to be e-invoiced. Failure to do so may attract penalties per document. These must be generated through the IRP portal whenever there are post-invoice adjustments like price changes, even without quantity change.

Yes, E-Invoicing is for tax invoices, debit notes and credit notes.

There could be a penalty of 10,000 per invoice/note.

Thank you so much sir for your reply. 

What if till now we havent done e invoicing of credit and debit note.. Can we do it now??

You're welcome.

And yes, you can start doing it now.

Debit Note: Issued when there's an increase in the invoice amount due to reasons like a change in the price or quantity of the supplied goods or services after the transaction.

Credit Note: Issued when there's a decrease in the invoice amount due to reasons like a change in the price or quantity of the supplied goods or services after the transaction.

For taxpayers falling under mandatory e-invoicing, these notes should be generated through the e-invoicing portal, especially when there are changes in price, quantity, refunds, free samples, or discounts after the initial transaction.

How to generate e invoice for credit note for price difference without quantity


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