Save Rs 499. Go Ad-Free with CAclubindia Pro for 2 Full Years. Subscribe Now!

Debit note credit note

392 views 2 replies

NAMRATA

STUDENT

91 Points Posted on 02 December 2017

Dear Sir,

Can Debit note/Credit note be issued by recipient of goods in case of partial rejection of goods over period of time.

ex. material received in Aug 17 (1 LAC NOS OF PRINTED CARTONS)

3000 nos rejected in sep

4000 nos rejected in oct

can receiver of goods prepare debit note/credit note

kindly advise

Thanks

Replies (2)

Baldev Prajapati

264 Points Posted on 02 December 2017

it is purchase return so issue Debit note and get credit note from supplier for the same. and let it show in respective months returns.

Manu Kumar Rana

New Updates

358 Points Posted on 03 December 2017

Explanation. 1

first of all as per 100%of purchase value of goods should be booked in books of account then you can issue a debit note 3000 nos with original tax invoice no for whatever u knew rejected goods in sept and the same 4000nos in Oct.

Explanation 2 .

if you want to get rejected materials from the supplier then you don't want to issue a debit note its extra headaches for filling of returns just make internal conservation with the supplier and get materials without debit note.if no any problem.