AJAY KUMAR (accountant) 19 November 2019
sir,
can only suppler issued debit credit notes ???
or buyer also issue debit credit note
plz clear also attached notification .
this is important to us
DINESH KUMAR BALAKRISHNAN 19 November 2019
Debit note is Issued by the buyer to the seller
credit note is issued by the seller to the buyer.
AJAY KUMAR (accountant) 19 November 2019
Sir I think only seller issues credit debite note buyer only return goods on chalan basis or only deduct money for seller
plz check or
DINESH KUMAR BALAKRISHNAN 19 November 2019
Debit Note means Purchase return As far as Goods is concernd.
Credit Note is sales return- Goods is concerned
Smart King 19 November 2019
Both can issue credit/debit notes as per their convenience or situation...
DINESH KUMAR BALAKRISHNAN 19 November 2019
Outstanding Management can also be done in both vouchers
Debit note means Bills Payable
Credit Note means Bills receivable
Avirup Ghosh 19 November 2019
I agree with mr. dinesh debit & credit note issue for both situation , a buyer or a seller or both can raised debit & credit note, for the requirements of the situation. daily i faced that issue , i am a junior accountant cum Lerner of a manufacturing co Pvt ltd
DINESH KUMAR BALAKRISHNAN 19 November 2019
Take care more while handling these voucher entries. Because it will affect parties Books of Alc In three ways
I. Accounts
2. Inventory and
3.statutory
prasad Nilugal (Accountant GST Practitioner . ) 19 November 2019
Under GST Law you have to follow section 34 of the CGST act 2017 for Debit Note & credit Note .
subhagan sreerangam 19 November 2019
Section 34 of the CGST Act 2017 has specified the provisions of Credit note and Debit note.A Supplier of goods or service or both it mandatarorly required to issue a tax invoice.A revised tax invoice referred to in section 31 and Credit note or Debit note refered to in section 34 shall containing the following particulars.
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