Debit Note: A Way to revise Sales Invoice under GST

By | April 11th, 2019|Categories: GST, GST invoice|Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Debit Note and Credit Note come into the picture whenever some error has been committed during a financial transaction. The mistake can be simple human or due to some mechanical fault. To neutralize the effect of this fault on the invoices, a Debit Note or a Credit Note may be issued. These documents are recognized and [...]

What is credit note under GST ?

By | April 4th, 2019|Categories: GST|Tags: , , , , , , , , , , , |

Credit note The credit note is an invoice monetary document circulate by a retailer to a customer. Credit notes function as a reference record for the Sales return journal. Basically, the credit note is proof of the decline in sales. A credit note also names as credit memorandum or memo. In layman's language, a note was given by [...]

Faq’s on Food Processing under GST

By | September 18th, 2017|Categories: GST|Tags: , , , , , |

Introduction Food Processing Industry has had a severe impact on its functioning after the changes brought about in the new taxation regime under the GST policy in India. As you already know that GST launched in India in 2016 with the aim of "One Nation, One Tax". By replacing all the central taxes like VAT, CST, [...]