Credit note after specified period (nov30)

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Accountant
105 Points Posted on 09 January 2023
Supplier issued Cr note for wrongly done tax invoice for service, declared in R1 & reduced outward liability in 3B after specified period (nov'30)is correct?
if not, please advise.
service receiver is not considered ITC.
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On 09 January 2023 at 00:31 Report
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Quick Summary
This discussion clarifies whether issuing a credit note for a past tax invoice after the November 30th deadline is permissible. The consensus is that it is generally correct, especially if the service receiver is not claiming Input Tax Credit (ITC). An alternative method suggested is amending the original invoices to zero value in subsequent GSTR-1 filings.

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n/a
500 Points Posted on 09 January 2023

Yes, It is generally correct.

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On 09 January 2023 at 16:44
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GST Practitioner
55067 Points Posted on 09 January 2023
Yes it is correct . other way out you can amend such invoices to Zero value in your subsequent GSTR-1.
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On 09 January 2023 at 23:38

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