A credit note is a document issued by a registered supplier under GST when the taxable value or tax charged in the original invoice exceeds the actual amount payable. It is issued in cases of sales returns, post-sale discounts, or when goods supplied are found deficient. Under Section 34 of the CGST Act, 2017, every registered person who issues a credit note must declare it in the GST return for the month in which it was issued.
A credit note must be issued when: (1) the taxable value in the invoice exceeds the actual taxable value of goods or services supplied, (2) the tax charged is more than the tax payable for the supply, (3) goods are returned by the buyer, or (4) services are found deficient. The credit note must be issued before the 30th of November following the end of the financial year in which the supply was made, or before filing the annual return — whichever is earlier.
A valid GST credit note format must include: supplier name, address, and GSTIN; credit note number and date; original invoice number and date; buyer name, address, and GSTIN; HSN/SAC codes; description of goods/services; taxable value; tax rate and amount (CGST+SGST or IGST); and reason for issuing the credit note. Our credit note generator auto-fills all these fields in the exact Tally format that chartered accountants across India trust.
Using our credit note generator is straightforward: 1) Enter your company details and GSTIN in the Seller tab. 2) Add buyer information. 3) Add line items with HSN code, quantity, rate, and GST percentage. 4) The preview updates live — verify everything looks correct. 5) Click "Print / PDF" to download your credit note in PDF, or "Excel" to export for your records.
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A credit note is issued by the supplier when the invoice value needs to be reduced (e.g., goods returned, discount given). A debit note is issued when the invoice value needs to be increased (e.g., undercharged tax, additional goods supplied). Both are governed by Section 34 of the CGST Act.
Yes. Our credit note format includes all mandatory fields as per GST Act — GSTIN, HSN/SAC, tax breakup, original invoice reference, and credit note number. It matches the Tally format that CAs accept for GST return filing.
Yes. Click "Print / PDF" and save as PDF from the print dialog. The output is a clean A4 credit note in PDF with no watermarks or branding.
A credit note should be issued when goods are returned, when excess tax is charged, when a post-sale discount is given, or when services are found deficient. It must be issued before 30th November of the next financial year or before filing the annual return, whichever is earlier.