Credit notes for auditing purposes

Hi

If we raise a credit note on ERP without tax details, that is put only the MRP prices and raise an credit note invoice, does it impact final audit? Are tax details like cgst and sgst important? 

Txs

Replies (5)
Quick Summary
This discussion explores whether raising credit notes in an ERP system without specific tax details, using only MRP prices, impacts the final audit. It clarifies that tax details aren't always necessary for credit notes related to rate differences or other financial adjustments. The key is to ensure the credit note aligns with the original invoice or is properly referenced against customer accounts and multiple invoices.

No need tax details, If it's rate difference and other financial related Credit (or Debit) notes...
What is the original invoice and revised invoice.
Please check these differences in GST website..

Original invoice is sales and no revised invoice. Credit note passed against the invoice directly against the whole invoice number.

Next credit note passed against the customer party name and multiple products of 1 or 2 quantities from 90 invoices

Not required for credit note.

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