Importance of Debit and Credit Note

Dear Experts,

1. Can we issue  Debit or Credit Note for rate variation and rejected material returned to supplier. Pl. tell me role of debit or credit note in excise point of view.

2. Can we take cenvat credit on credit or debit note.

Thanks

 

Replies (3)

Yes, you can entry in debit or credit note for your convenience. Rejected material will be as such removal. You can take cenvat credit on credit or debit note.

Dear Expert,

1. If we can take material with Debit Note it means no need of Invoice copy Original of Buyer, Duplicate of Transportor and Triplicate for Assesse copy .

2. If so then please tell me difference of Supplementary bill and Debit Note.

Thanks

 

 

I do not agree with Arun Kumar Singh. Kindly quote the rules where it is permissible to take credit on debit/credit notes.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details