A key reason why GST in India would help increase tax compliance and reduce black money circulation is the standardisation and matching of invoices. Under GST, all B2B invoices must be uploaded on the ...

Learn how to create a credit note against a purchase order invoice, including overviews on validating tax details and posting purchase invoices. [!NOTE] You can post a revised credit note by selecting ...

This topic has not been fully updated for Microsoft Dynamics AX 2012 R2. In some cases, you must use corrective credit notes and invoices to clarify VAT information and correct various types of errors ...

Learn why November 30, 2025, is the most crucial date under India’s GST regime. Missing this final lock-in can lead to permanent ITC loss and compliance penalties. Learn why November 30, 2025, is the ...

In the Goods and Services Tax (GST) regime, invoices and credit notes are vital for ensuring a transparent and compliant tax system. Invoices serve as essential records of taxable transactions, ...

The Andhra Pradesh Authority of Advance Ruling (AAR) has ruled that full credit of the GST charge is included in the tax invoice issued by the supplier even if later commercial or financial credit ...

Business accounting can cause headaches for a variety of reasons but, if done right, issuing credits to your customers does not have to be one of the causes. Credit memos are a simple way of adjusting ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...