What is Revised Invoice?
This invoice is issued in case of cases like Sale return, discount, quality, deductions etc.
Suppose A make sales to B of 100000 + GST
B return goods of 4000 + GST
In this case A will issue to invoices
- Tax invoice of 100000 + GST
- Revised invoice of 4000 + GST
A will pass entry in credit note in tally however, on printout revised invoice should be mention