Concept of Revised Invoice,Debit Note and Credit Note

Transcript

Sales P Sales Return P Sells goods to Q Q Returns Goods to P It is Sales for P Purchase for Q` It is Sales Return for P Purchase Return for Q Q P Q P will give Q Tax Invoice or Bill of Supply P will give Q Revised Invoice (Always Seller Issue Invoice) (Always Seller Issue Invoice) This Revised invoice is Credit Note for P and Debit Note for Q Concept of Revised invoice Debit Note and Credit Note