The High Court ruled that buyers are not legally required to reverse ITC merely due to seller-issued discount credit notes. Rectification of GST returns was allowed where tax paid exceeded proposed ...
Learn how debit notes function in B2B transactions to adjust outstanding balances or correct previous transactions ...
What Is a Debit Note? A debit note is a document used and issued by a vendor to inform the buyer of current debt obligations. It is similar to an invoice, which contains information about a sale, but ...
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