Are you aware of Debit note and Credit note? Want to know what it is? Take a quick ride through the article and check out the key differences between them. Learn the key differences between debit notes and credit notes, two documents used in business transactions to adjust invoices or accounts. Find out when and how to issue them, and their impact on GST, accounting, and tax. Learn about credit and debit notes under GST, their issuance circumstances, provisions, and impact on tax liabilities for accurate invoicing and compliance. Learn how to use debit notes and credit notes to adjust accounts in case of returns, errors, or changes. Compare their issuer, recipient, purpose, impact, and format with examples and FAQs.
