(1) The credit note under clause (a) of sub-section (9) of section 53 shall contain the following particulars:-

(a) The serial number and date of the Credit Note;

(b) Name and style of the business of the selling dealer and his Taxpayer Identification Number;

(c) Name and style of the business of the purchasing dealer and his Taxpayer Identification Number;

(d) In case of goods returned subsequent to sales thereof-

(i) the serial number and date of the Tax Invoice issued in respect of which the purchasing dealer has returned the goods;

(ii) the description, quantity and value of the goods returned;

(e) In case of a transaction other than that specified in clause (d), the reason necessitating issuance of the credit note and details thereof;

(f) Signature and the status of the person issuing the credit note.

(2) The debit note under clause (b) of sub-section (9) of section 53 shall contain the following particulars:-

(a) The serial number and date of the Debit Note;

(b) Name and style of the business of the selling dealer and his Taxpayer Identification Number;

(c) Name and style of the business of the purchasing dealer and his Taxpayer Identification Number;

(d) The serial number and date of the Tax Invoice issued in respect of which the Debit Note is being issued;

(e) The description, quantity and value of the goods in respect of which the Debit Note is being issued;

(f) Reasons for issuance of such Debit Note;

(g) Signature and the status of the person issuing the debit note.