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How are debit and credit notes handled in FBR Digital Invoicing?
Debit and credit notes adjust an already-issued invoice, for example for returns or corrections, and they must also be reported to FBR so the tax records stay accurate. They reference the original invoice they adjust.
Key points
- A credit note reduces the value or tax of an earlier invoice, for example on a return.
- A debit note increases it, for example where more is charged.
- Both are reported to FBR and linked to the original invoice.
- This keeps your reported output tax accurate after adjustments.
Tax & Compliance
In short
Iris Connect lets you report debit and credit notes against the original invoice, so adjustments stay compliant and traceable.
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