Details mentioned in credit note in case of Sales Returns

[Asked by Guest]

Dear Sir,

In case of Sales return if purchaser has availed credit and if purchaser has not availed credit then if we as a supplier has availed credit after returning back the goods to us on the basis of our own duplicate copy sent alongwith goods.Please explain what details will be mentioned by both debtor in case of debit note and us as a creditor in case of credit note in both the above mentioned cases.Please expalin, please give us any reference regarding this. thanks and regards.

AI Summary

Credit note requirements: include identifying and tax details; adjust with debit notes once; CENVAT treatment remains independent.
A credit note must show a serial number, date, supplier and customer details including GST registration, reason for credit, description, quantity and amount credited, tax rate and amount credited, total credited amount, and reference to the original tax invoice; debit notes should mirror these particulars, adjustments between debit and credit notes must be made only once and they must not be used simultaneously, and CENVAT availment is independent of debit/credit note content.