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Credit Note and Debit note Differences Explained in Tamil with Examples

Welcome to our Channel Siva Associates Here we discuss about Debit Note and Credit Note: Purchase and sale transactions occur in day to day life, and so does the returns are made by many customers, when the find the products are not up to their requirement. Debit Note and Credit Note are used while the return of goods is made between two businesses. Debit Note is issued by the purchaser, at the time of returning the goods to the vendor, and the vendor issues a Credit Note to inform that he/she has received the returned goods. When the goods are returned to the seller or supplier, a debit note is issued to him which indicates that his/her account has been debited with the respective amount. On the other hand, when a customer returns goods, a credit note is issued to him which shows that his account has been credited with the amount indicated in the note Our other videos Sundry Debtors & creditors • Sundry Debtors Sundry Creditors Diffe... Input Tax Credit in Gst • Gst Input tax credit in Tamil Eligibi... Loan Approval Basic Documents • To get your Loan Basic Requirements i... IGST CGST SGST • Gst Tax Billing in Invoice Tamil Siva... PMT-09 • Gst PMT-09 Explained in Tamil/ Gst pa... 2A & 2B in Gst • Gstr 2A and Gstr 2B Differences in T... Know About Tds • How to check your Tds / Eligibility o... Direct tax & Indirect Tax • Know your Tax Differences Direct Tax ... Nil Exempted Non Gst Supply Zero Rated • Gst Nil Rate/Exempted Supply/Non Gst ... Composition Scheme • Composition Scheme Under Gst in Tamil Interest on Gross Liability & Net Liability • Gst Interest on Gross Liability/Net l... Gst Refunds on hold reasons • Gst Export Refund on Hold Reasons in ... Aadhar Authentication for Gst Validation • Gst Registration Aadhar Authenticatio... Capital Subsidy • Subsidy up to 50lakhs/Latest updates ... Udyam Registration • MSME Udyam Registration in Tamil | Up...

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