Credit note issuance

prasad Nilugal

GST Practitioner & Accounts

15083 Points Joined March 2014

For F.Y 21-22 , It's September 22.

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

There is no time limit for debit or credit note under GST.

There is time limit for claiming ITC .

prasad Nilugal

GST Practitioner & Accounts

15083 Points Joined March 2014

Refer section 34 of the CGST act 2017.

sabyasachi mukherjee

Profession Business

28196 Points Joined May 2017

Credit note issuance must be within the same financial year. After finalization of accounts and balance sheet adapted by the company there cannot be any issuance of credit note of last year.

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

You can also check rules for amending invoices

prasad Nilugal

GST Practitioner & Accounts

15083 Points Joined March 2014

It is clearly mentioned in section 34 of the CGST 2017, last month to issue Credit Note is September . please refer.

CA Puja Sharma

Chartered Accountant

5010 Points Joined March 2020

GST Credit Notes against the supply of goods or services can be issued not later than September following the end of the financial year in which such collection was made, or the date of furnishing of the relevant annual return, whichever is earlier

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Credit note issuance

preeta prakash

prasad Nilugal

Eswar Reddy S

prasad Nilugal

sabyasachi mukherjee

Eswar Reddy S

prasad Nilugal

CA Puja Sharma

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