Section 34 Compliance
Make GST Credit Notes & Debit Notes Online
Adjust sales returns, post-sale discounts, and supplier price variations while keeping your tax liability and GSTR-1 filings synchronized automatically.
Statutory Framework
Credit Note vs. Debit Note Under GST
Key statutory rules under Section 34 of the CGST Act:
Credit Note (Supplier to Buyer)
Issued by the supplier when the taxable value or tax charged in the original invoice exceeds what is actually payable.
- Goods returned by buyer due to defect or wrong specification.
- Post-sale discounts or trade rebates granted.
- Deficiency in service provided.
- Reduces supplier's GST tax liability in GSTR-1 Table 9B.
Debit Note (Supplier to Buyer)
Issued by the supplier when the taxable value or tax charged in the original invoice is less than what should have been charged.
- Price revision upward after invoice issuance.
- Under-billed quantity or supplementary freight charges.
- Increases supplier's GST tax liability in GSTR-1 Table 9B.
- Enables recipient to claim additional Input Tax Credit (ITC).
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