GST Credit vs Debit Note: Meaning, Accounting, ITC Impact
GST Credit Note vs Debit Note: Complete Guide to Meaning, Accounting Entries, ITC Impact & GST Compliance 🔹 Credit Note Issued when the taxable value or goods and services tax charged earlier needs to be reduced (subject to GST law conditions). May arise due to sales return, post-sale discount, deficiency in goods/services, etc. Results in …