Credit note GST

In GSTR 1, what is the time limit to raise the credit note from the invoice date.
Replies (4)
Quick Summary
This discussion clarifies the time limit for issuing GST credit notes under Section 34 of the CGST Act. A registered person can issue credit notes for supplies made in a financial year if the taxable value or tax charged in an invoice exceeds the actual value, goods are returned, or supplies are deficient. The deadline to issue these notes is typically by 30th September of the following financial year.

Refer section 34 of cgst act
Where one or more tax invoices have been issued for supply of any goods or services or both and the taxable value or tax charged in that tax invoice is found to exceed the taxable value or tax payable in respect of such supply, or where the goodssupplied are returned by the recipient, or where goods or services or both supplied are found to be deficient, the registered person, who has supplied such goods or services or both, may issue to the recipientone or more credit notes for supplies made in a financial year containing such particulars as may be prescribed.
Upto 30th September of the following year for the previous year ended on March!
Thank you all

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