DEAR CHARTERED PERSONS
what is mean by debit note and credit note in GST. in gstr 1 there is one tab box is there debit note and credit note so what purpose we are using please explain me clearly with example
typically in accounting fundamentals debit note means purchase return credit note means sales return am I right???
please explain me
Yes. You are right.
To adjust the sales returns and purchase returns, those can be used..
You can also use amend records and directly reduce the revised value of invoice
CAclubindia
