CORAA

Credit Note Format in Word - GST Credit Note under Section 34

A GST credit note with the original invoice reference, reason and tax columns, laid out for the Rule 53 particulars.

Free · CORAA original — SA-aligned
Updated 16 Oct 2026
Law
Section 34, Rule 53
Issued by
The supplier
Effect
Reduces taxable value or tax
Format
Word, print ready
Share this template
Your firm — letterhead
Appears at the top of the document as the audit firm letterhead.
Addressed to
Recipient of the letter — usually the company's board.
Engagement details
The client and period this document is for.
What’s inside

An excerpt from the template.

GSTIN: ___ | PAN: ___

Issued to

Section 34 of the CGST Act and Rule 53 of the CGST Rules govern credit notes. The note must be issued with the particulars Rule 53 lists, and the time limit for reporting it in a return depends on the financial year; use our credit note time limit checker. This format is a layout aid. Check the current CGST Act and Rules, and any state rule, before you rely on it for a specific transaction.

For ___ Authorised signatory: ______________________

↑ Excerpt only — the full template is what you download as Word
About this template

What you’re downloading, and when to use it.

This template follows the format published by the Institute of Chartered Accountants of India (ICAI) in the AASB Audit Working Paper Templates (June 2023), the authoritative reference for Indian statutory-audit documentation. Fill in your firm’s letterhead and the engagement details on the form above, click Download Word file, and you’ll get a fully formatted .docx ready to use.

Everything is generated in your browser and on a stateless API endpoint — no account, nothing stored on our servers. We’ll ask for a work email once before your first download so we can send you the file and the occasional relevant update; after that, downloads on this device are instant. Edit freely in Word, Google Docs or Pages before sending to your client.

Common questions

FAQs.

When is a credit note issued?
A supplier issues a credit note where the taxable value or tax charged in an invoice is more than what is due, for example on returns, a price reduction or a rate error.
What must a credit note show?
Rule 53 lists the particulars, including the supplier and recipient details, a consecutive number, the date, the invoice it relates to, and the value and tax credited. Check the Rule for the complete list.
Is there a time limit for a credit note?
Yes, for reporting it in a return, and the limit depends on the financial year. Use our credit note time limit checker to see it for your dates.
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