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CREDIT NOTE

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Kousik Dey

25 Points Posted on 04 January 2020

Date of sale(along with gst) made : 17.11.18
now ( i.e. january 2020 onwards ) one of the items will be returned..
Query: will the credit note be issued with gst or without gst?

Note: please help me the norms gst credit note.

Replies (5)

Quick Summary

This discussion clarifies the norms for issuing a GST credit note for items sold in the financial year 2018-19. According to Section 34 of the CGST Act 2017, a credit note for that period could only be issued up to September 2019 or the annual return filing date, whichever was earlier. As the sale date was 17.11.18, it falls within this period, but the return is happening much later. Therefore, a standard credit note with GST cannot be issued. The recommended solution is to ask the recipient to issue a tax invoice for the returned item, which can then be treated as your purchase.

Srinivas Ch

Sr.Accountant

202 Points Posted on 04 January 2020

You have to raise with gst

SOWJANYA M

470 Points Posted on 04 January 2020

Did u sell to registered customer?

if yes, it's better you ask him to raise sale bill wit gst and you take it as your purchase

ROHIT KUMAR

prop.

227 Points Posted on 05 January 2020

No cn will be issued now.....
sale bill will serve your purpose.

prasad Nilugal

GST Practitioner & Accounts

9000 Points Posted on 05 January 2020

As per section 34 of the CGST act 2017 ,Credit Note in relation to the supply of goods or services of F.Y 18-19 can be issued up to the September 2019 or Annual return whichever is earlier and Your sales bill date was 17-11-2018 pertains to F.Y 2018-19 .