What is a Debit Note or Credit Note in GST? 

Sir you are underrated. I will take my final subjects from you.

Great showcase of knowledge in a very simple way...🧠💯

This is the first time I have understood this concept since class 11 . Thank you Sir.

His voice even make listening so soothing 🔥..keep going sir

Thnx sir...aapki accounting wle concept se yeh ab smj aa gya...abhi tk main confuse tha isme...🙏🏻🙏🏻💫💫...THNKU AGAIN SIR

Sir You explain every concept with so ease,you are simply the best

thank you sir! keep uploading this kind of conceptual videos, such videos make the subject interesting.

I am a CA Final student! You are a true Gem❤️

Amazing teaching skills you have..first time i saw your video sir...itna clearity se kisine ab tak ni samjhaya debit and credit note..had i known you earlier i would definately go for your classes.

Thank you for this lecture...bhut simple trikese aapne btaya..abhi ye concept acchese clear ho gyi..

The way you explain the concepts is really commendable sir.. 🙏

Thank you Sahil, You explained the concept very well. Continue the good work..

Awesome sir. mai ye concept baar bhul ja raha tha finally understood properly. i will never forget. Thank you so much❤❤

Amazing conceptual clarity 🔥🔥

You are that type of topper who don't forget knowledge after passing .🔥

Puri youtube pr aapki hi video sumjh ayi thanks 😊

Thank You Sir...you made the concept look very easy.

Wah... Amazing style of teaching 👍🙏

Loved ur Teaching style sir

Maza aagaya full confusion clear🙏🏻🙏🏻🙏🏻 Thank you

Awsm teaching Sir.....with full explanation

Concept Crystal clear 💯 Thankyou Sir 😇

Awesome video sir......yeh se conceptual video aur dal tere raho sir

What a amazing explanation ❤ thankyou sir

Thank You very much. It was very much needed. 🙏

Hello Sir, All Confussing topic reading many time i can't understand but only one time seen & listen your video clear it.

Thank you so much sir for this concept....

Amazing concept clarity👌

Thank you sir for clearing this 🙏

Simple and crisp as per day to day GST requirements

Best video on debit n credit note

Just Can't Believe, it was so Simple

Thank you sir ! you made me understood this concept in a very simplified and easy way , very easy to understand it

really great vidoe sir

Really amazing 👍🏼

Hats off your teaching skills.. you make every concept so easy to grasp

sir teaching very simple method with example

Awesome Awesome Awesome sir👍👍👍

Thank you so much sir

Thnk you so much sir

Sir mere pass ek credit not aaya hai jo hamara client hai vo online selling karta hai toh Amazon ne client ko credit note diya hai us main (shipping fee aur fixed closing fee likha hai discription) main toh ye credit note tally main credit note par hi chadega ya fir debit note par.

Thanks sir for making thuis video

Thank u so much sir ji 😊

keep up the good work m8.

Awesome video sir

Crystal clear

Amazing ❤😂

thank you sir🙏

Hv a question hre, Hu decides ur a 'X' or a 'Y'.? How u know its X's book of a/cs or Y's.?

Wow sirji🙏

Thanks sir..

Hello sir Kya seller debit note issue ker sakta hai

if x and y have B2B Transaction and if Y utilized ITC for the first invoice.... and after that if X issued credit note what happens to that claimed ITC... ???

Do you get ITC after filing credit note?

Good teaching sir

Is it necessary if buyer issues a debit note to seller, seller also needs to issue him a credit note. Or only buyers action is sufficient.

Thanks Sir

Woah... love the explanation... crisp and clear! :)

Sir do you take cma inter tax classes?

What will be the accounting for debit notes when seller have charged lower rate of GST than what it should be? For instance a product cost ₹100 and actually GST to be charged was 18% but I have charged 12%. So how I'll show entries in my books?

& Sir i requrest to you please post the video on GSTR 03B filling for consider which GST ITC from 2A or 2B taken after comparision with PR along with section & Rule understanding (Rule 36(4), Section 16(4), Rule 86B)

Super

I m not even a CA student but watched it bcoz it was very interesting

Pr credit note issue krne me tax chori to so skta hai na?? Please reply

What if bogus credit notes are issued to decrease outward tax liability?

Credit note me input gst ya output gst inmese konsa add kre?

Provision abt credit note in gst also tell???

Sir Kya Agar Ek Firm Dusre Firm Ko Debit Note Bhejta Hai toh uske reply me Other Firm bhi usko Credit Note Bhejta hai??? or vice versa

Sir is it mandatory to issue a debit note against a credit note issued by the seller to the purchaser in case of incorrect billing?

Sir, 1. The customer here, who got his Rs. 33.6 lakhs back (33 lakh value+ 3.6 lakh GST) from the supplier should also needs to reverse the Rs. 3.6/- lakh credit from ITC ledger, right ? 2. Also, if instead of reducing the transaction value, if the customer had rejected the goods altogether and returned the goods to the supplier, does that make supplier liable to reverse the ITC utilized for manufacturing of those goods since those goods would not be deemed as supply?

Sir GST all section rules notification circular wali ek playlist bana do please jisse jo students padna chahiye vo pad sakta hai apki video dekh kar RU-vid par please.

2:04 goods kharab nikle X se kuch expect kar hi nhi skte sir..

Good

Jordaar

i have been practically working in gst. while finalisng gstr 9 9c for 2017-18, debit note credit note had huge logical impact may it be sales reconciliation or 2a reconciliation. nice explanation.

Sir debit sales return hona chiy sales kbhi dr. Nhi hote

🔥🔥

Hello sir , I have completed m.com p.y . I want to do c.a . Please suggest should go for c.a or other professional degre. And if I go for c.a how much time should it take.... Please reply sir...

1 no

❤

Hey sir...can u plzz explain slow soo we can understand better 😕

agar 3 k badle 5 goods sent huye to debit note k badle 2 goods ka sale bill bana de to...🤔

Just 1 like ...1k

God 🙏

Sir 2nd marathon??????

sir please provide video on EWAY BILL ,L@st day revesion pls sir...@sahiljain

When sale occurs Seller will issue invoice to buyer Either 1 0r 2 will occur :: 1. Buyer return Seller will reduce buyers receivable bal. In his book .hence , cr. 2. Seller increases bal. Of buyers receivable amt. As he sent extra qty. Seller will Dr. Buyer account hence debit note will issue.

20 lacs ke goods low quality ke hn toh X 20 lakh rs wapas krega na with gst . Aap 30 lakh kyu bol rhe ho baar baar.

todha dheere bolta bhai 2x mai toh kuch bhi bolra h esa lgra hai