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Credit/Debit Note E-Invoice

CA Rapunzel (Chartered accountant) (172 Points)

02 December 2022

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?

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4 Replies

Manish (CA) (1076 Points)
Replied 02 December 2022

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

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

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CA Rapunzel (Chartered accountant) (172 Points)
Replied 03 December 2022

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??

Manish (CA) (1076 Points)
Replied 03 December 2022

You're welcome.

And yes, you can start doing it now.

Ayush (Executive ) (6232 Points)
Replied 03 November 2023

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.