The 56th GST Council simplifies credit notes for post-sale discounts. Learn about the new rules, including de-linking from ...

A negative invoice or credit note is a form letter sent from a business/seller to a product buyer. According to BusinessDictionary.com, a credit note states that the business is crediting a portion of ...

The GST Council has eased compliance for businesses, particularly FMCG companies, by removing the requirement to link credit ...

Business accounting can cause headaches for a variety of reasons but, if done right, issuing credits to your customers does not have to be one of the causes. Credit memos are a simple way of adjusting ...

GST clarifications on how to handle wrongly rejected invoices, debit notes, or credit notes in the Invoice Matching System to correctly claim Input Tax ...

The GST Council has eased compliance for businesses by eliminating the need to link credit notes to specific invoices, a move ...

If goods are exchanged, the Requester creates and submits a new requisition for the replacement goods. The original invoice for the returned goods and any invoices for replacement goods must be paid ...