Debit credit note

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 and 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.