VATupdate

Share this post on

Credit Note and Debit Note in Oman VAT

With VAT in Oman, you can’t just go back to the original invoice and edit it to account for the return of goods. Just like you issue a tax invoice for supplying taxable goods, you need to record a Credit note/Debit note to account for the returns. When goods are returned, the supplier and the buyer need to adjust the output VAT and input VAT.

Source: tallysolutions.com

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner