What is time limit to issue Debit/credit note


This query is : Resolved 

Quick Summary
There's a common question regarding the time limits for issuing debit and credit notes. While debit notes generally have no strict time limit, credit notes must be issued by September of the following financial year, according to GST rules. Typically, only sellers are authorised to issue these notes.

(Querist)
09 September 2020 what is time limit to issue Debit /credit note and also who can issue the cited note.

10 September 2020 6 months is the time limit and only sellers has to issue such notes.

Daya (Querist)
10 September 2020 Thanks sir
for prompt reply.

Daya (Querist)
10 September 2020 Sir i have heard that
There is no time limit to issue Debit note
and there is specific time limit to issue credit note.
please reply.

10 September 2020 I agree with you there is no time limit for debit note.
GST rules allows to issue credit notes till Sep of next financial year.


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