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Can we issue GST debit note in case mother invoices related to previous year

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Vinay Pandey

36 Points Joined December 2017

can we issue GST debit note in case mother invoices related to previous year.

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Rama chary Rachakonda

Master in Accounts & high court Advocate

8883 Points Joined December 2011

Issuing a GST debit note for mother invoices related to the previous year can be a bit tricky.

Conditions for Issuing a Debit Note To issue a debit note, the following conditions must be met:

1. *Time limit*: A debit note can be issued within the time limit prescribed under Section 34 of the CGST Act, which is: - 30 days from the date of issuance of the original invoice, if the invoice is issued on or after 1st October 2020. - 30 days from the date of issuance of the original invoice or 30 days from the date of payment of tax, whichever is earlier, if the invoice is issued before 1st October 2020.

2. *Original invoice*: A debit note can only be issued for an original invoice that has already been issued.

3. *Supply details*: The debit note must contain the same supply details as the original invoice. Issuing a Debit Note for Previous Year's Invoices If the mother invoices related to the previous year meet the conditions mentioned above, you can issue a debit note.

However, you must ensure that: 1. The original invoice was issued in the previous year.

2. The debit note is issued within the prescribed time limit.

3. The debit note contains the same supply details as the original invoice.

GST Implications When issuing a debit note, you must:

1. *Update the GSTR-1*: Reflect the debit note details in the GSTR-1 return for the relevant tax period.

2. *Update the GSTR-3B*: Reflect the debit note details in the GSTR-3B return for the relevant tax period.

Conclusion Yes, you can issue a GST debit note for mother invoices related to the previous year, provided you meet the conditions mentioned above.

Ensure you follow the correct procedures and update the relevant GST returns to avoid any compliance issues.

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