Sample of credit note for rate difference

This query is : Resolved

ARUN GUPTA (Querist)
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03 May 2023 I need a sample of credit note issued by supplier for decrease in price with gst. Pl provide me a link or sample of such type of credit note as required for issuance of such credit note.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 May 2023 https://www.zoho.com/in/books/gst/credit-note.html#:~:text=For%20example%2C%20if%20a%20product,be%20issued%20by%20the%20vendor.

ARUN GUPTA

ARUN GUPTA (Querist)
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03 May 2023 If possible could you give sample of credit note for 50 p price reduction for 30000 metres and gst @5% . How credit note will be prepared for above rate difference of 50p per metre? Pl make credit note with details with Mr x as supplier and Mr A as buyer!!

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 May 2023 Credit note for rate difference.

Mr X
Address:
GSTIN;
PAN:

Mr A
Address:
GSTIN:
PAN;

Product:
Qty; 30,000
Price difference: 0.50
SGST:. 2.5%
CGST: 2.5%.

Calculate the value and finalize credit note

ARUN GUPTA

ARUN GUPTA (Querist)
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03 May 2023 Thanks Sir lot for your valuable support and cooperation

ARUN GUPTA

ARUN GUPTA (Querist)
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03 May 2023 In gst does both supplier and buyers need to issue credit note and debit note respectively?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 May 2023 Only supplier has to issue credit/debit note.