what is mean by debit note and credit note in goods and services tax GST?
debit note and credit note what is in general in accounting??
can you please explain me with the GST and general meaning
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DT note CT note
Replies (9)
Quick Summary
When the purchase invoice is cancelled/ purchase returns or modified then debit note may be used.
When the sales invoice is cancelled or sales Returns credit note may be used
When the sales invoice is cancelled or sales Returns credit note may be used
In goods and services tax?
Https://cleartax.in/s/debit-note-vs-credit-note
Refer section 34 of the CGST act 2017.
Credit note can reduce the GST Liability
You have already replied @ eshwar.
Thanks CA Rashmi Gandhi mam for replying
Then why enter again @ Rasmi ?
Welcome dear......
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