Credit note on GST bill

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This query is : Resolved

Quick Summary

A user issued a GST bill in 2019-20 and paid the GST, but the customer never received it. Now that the customer is willing to pay, the user wants to know if they can issue a credit note and a fresh bill. Advice suggests that issuing a credit note for a past financial year is not possible, and the opportunity to claim credit for the old bill has also lapsed. The user is seeking the best alternative to receive payment, considering a fresh invoice.

Lalit Nyati

Lalit Nyati (Querist)
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24 August 2021 Hello

In 2019-20 I have raise a bill to customer with GST & I have deposited GST to govt but the customer not receive the bill.
Now, customer agree to entertain the same.

Can I issue credit note (with GST) and issue fresh bill for the same?
Can I able to take credit for the old bill?

Pls suggest.

Lekhraj sood

Lekhraj sood (Expert)
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24 August 2021 No you will not b able to take the credit of old bill because last date was october 20.

Message likes : 1 times

CA Altamush Zafar

CA Altamush Zafar (Expert)
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24 August 2021 Credit note of invoice of 2019-20 cannot be issued since the time has lapsed.

Message likes : 1 times

Lalit Nyati

Lalit Nyati (Querist)
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25 August 2021 ok, than what is the best option to me to get amount from customer?

Should I issue fresh invoice to get amount? & let forgot my old GST amount?

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