What is credit note and debit note

Under GST law supplier can only issue Credit Note and Debit Note . As per section 34 of the CGST act 2017. Debit note credit note can be issued only the reasons given in the section 34. However we also issue Financial credit note and Debit Note apart from GST credit note and Debit Note as and when required by supplier and customer .
So credit note is issued when supplier supplies to goods to customer , and customer latter after receipt of Goods found goods some defective and return to supplier , in this case supplier will issue Credit Note to customer against the original Invoice ,of that amount that goods are return .
Similarly Debit Note is issued when goods sold by the supplier to customer, and latter found amount charged in the invoice is less than actual one , then supplier will issue Debit Note against original Invoice for balance amount payable .
You have refer section 34 of the CGST act for Debit Note and Credit Note under GST .
we issue Credit and debit notes for Goods defective return , less amount charged , less tax charged , Excess amount charged Excess tax charged , amount difference etc in original Invoice , and some other reasons also .

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A debit note isused as evidence to reflect that a debit is made to the seller's account. A credit note is an articulated form of sales return; used to reflect that a credit is made to the buyer's account.

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