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Credit Note
Can credit note for FY 2017-18 issued in FY 2018-19 or FY 2019-20. If yes hiw to adjust it in return because Annual return for FY 2017-18 was already filed but not for 2018-19.
Replies (2)
Credit Note can be issued by earlier of the following dates:
1. Date of filling of Annual return in which the Original Tax Invoice was issued; OR
2. 30th September of the FY immediately succeeding the FY in which the original Tax Invoice was issued.
1. Date of filling of Annual return in which the Original Tax Invoice was issued; OR
2. 30th September of the FY immediately succeeding the FY in which the original Tax Invoice was issued.
There is no restrictions in issuing credit beyond the date prescribed by CA Sunil Kumar , but if you need to take GST effect then need to be issue with in above mentioned period.
Note : It's better to issue a bill in case of goods return
Note : It's better to issue a bill in case of goods return
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