Credit note in gst if invoice in previous year

In GST can it possible to raise Credit Note in FY 18-19 for an invoice which is raised in FY17-18 ???

If such Credit Note is permissible than whether tax paid is reversed or any other procedure ???

Please give some reference of provision of GST for understanding.

Replies (1)
Credit note can be raised upto September of next year or date of filing annual return, w.e. is earlier.

So in your case ,you can raise credit note upto sept 18 and reverse tax paid earlier only if issued as per situation mentioned in section 34 of CGST act

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
23 July 2026
Senior Accountant

Felicity Adobe LLP

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
16 July 2026
Manager - Finance & Accounts

Aliens Group

Hyderabad

CA Final

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
ARTICLESHIP 10 July 2026
Article Assistant

N S Gokhale & Co

Thane

CA Inter

View Details