Dear @Ankit.K.Tiwari
Could you please advise on how to raise a credit note for an invoice that includes an advance amount?
Your guidance will be highly appreciated.
Thank you.
@Tarun generally, you would reverse the invoice in toto (including advance payment adjustments), say, by making a replica of the 388 invoice and changing the invoice type code from 388 to 381. However, you may have to study other integrated processes such as inventory, payments, GL postings etc to determine the optimal procedure. These are internal procedures of taxpayers and there is specific guidance on this from ZATCA.