Reasons for issuance of credit note or debit note
This code list defines the reasons for issuing a Credit Note or Debit Note. These reasons are used to indicate the business justification for adjustments made to previously issued invoices, including cancellations, value corrections, quantity changes, or other amendments.
About
- Syntax binding
Codes
| Code | Name/Description |
|---|---|
CAN |
Cancellation or return Supply has been cancelled or goods have been returned, resulting in a full or partial reversal of the original transaction |
VAT |
Change in VAT treatment Adjustment due to a change in the VAT treatment of the supply, resulting from a reclassification of the nature of the supply |
VAL |
Change in value Adjustment to the value of the supply due to changes in price, discounts, or additional charges |
QTY |
Change in quantity Adjustment to the value of the supply due to changes in the quantity of goods or services originally invoiced |
OTH |
Other Any other reason for issuing a Credit Note or Debit Note not covered by the specified codes |