Here I came with a new Query, A ltd Purchased goods worth of Rs.100000 from B Ltd. out of which it consumed Goods worth Rs.25000. Now A Ltd wants to return the Goods worth Rs.75000/- to B Ltd as a Purchase return by Raising Debit Note and Eway Bill against the Debit Note. Does the debit note is valid for the movement of Goods. If not valid what is document needs to be used for Returns?
08 December 2020
Debit note is not valid.Either you can raise tax invoice on vendor or send goods on delivery note and ask the vendor to issue credit note.
CAclubindia
