Time Limit to issue Dr.Note and Cr. Note

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Under the CSGT Act, 2017, credit notes must typically be issued by 30th November following the financial year they relate to, or by the annual return filing date, whichever is sooner. Importantly, there is no specific time limit for issuing debit notes.

Daya

Daya (Querist)
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14 May 2022 Credit and debit notes (Section 34 of the CSGT Act, 2017)

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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15 May 2022 Credit Notes and Debit Notes should be issued: On or before the 30th day of November of the financial year, which follows the year in which the goods or services were offered or. On or before the date on which the relevant annual returns for the financial year are filed - whichever of the two is earlier