What is Revised Invoice?
This invoice is issued in case or cases like Sale return, discount, quality, deductions etc.
Example
Suppose A make sales to B of 10000 + GST 18%
B return goods of 2400 + GST 18%
In this case A will issue 2 invoices
- Tax invoice of 10000 + GST
- Revised invoice of 2400 + GST
ENTRY FOR SALE
Party Dr
to Sales 10000
To CGST 900
To SGST 900
ENTRY FOR SALES RETURN
Sales/Sales Return Dr 2400
CGST Dr 216
SGST Dr 216
To Party 2832
(in this entry,party is credited so it is credit note)
A will pass entry in credit note in tally however, on printout revised invoice should be mention
