Credit Note issuance after Gst cancellation


Sanjeev Kumar   15 October 2019

Sanjeev Kumar

 12 points

| My Other Post

R/s members,
A sale invoice No. 100 in F.Y. 2018-19 issued and
in Mar-19, our GSTIN surrendered.

Now we want to issue a credit note against invoice no. 100 ??

what are the solutions??

avater

CA Dhruva Kalamanji (Chartered Accountant )     15 October 2019

CA Dhruva Kalamanji
Chartered Accountant  
 84 likes  1824 points

View Profile | My Other Post

Dear Sanjeev

Your gst is surrendered voluntarily i guess. so you can issue the credit note without cobsidering tax element.

if registration is suspended by depqrtment then case will be different.

Thank you
You can also write to me  at sthayin @ gmail for further assistance

avater

Sajal Mandal   15 October 2019

Sajal Mandal

 13 likes  262 points

View Profile | My Other Post

First of all you can't issue any credit note against original invoice for the FY 2018-19 after September 2019.

avater

RAJA P M ("Do the Right Thing...!!!")     15 October 2019

RAJA P M
"Do the Right Thing...!!!" 
 7447 likes  101497 points

View Profile | My Other Post

What are the solutions??

You can issue Credit note without GST as per Mr CA Dhruva's...

Don't be consider GST.

Sanjeev Kumar   15 October 2019

Sanjeev Kumar

 12 points

View Profile | My Other Post

Case was :-
bill no. 100 was issued through gstin (individual)
and on 31st march 2019, we surrender it and obtain new gstin ( partnership).

can we still issue credit note without gstin ??

avater

CA Dhruva Kalamanji (Chartered Accountant )     15 October 2019

CA Dhruva Kalamanji
Chartered Accountant  
 84 likes  1824 points

View Profile | My Other Post

No you can't issue credit note with partnership gstn. and you can issue credit note in the name of individual without considering tax element
 

Sanjeev Kumar   15 October 2019

Sanjeev Kumar

 12 points

View Profile | My Other Post

Sir can we issue credit note on dated 22.11.2018???
our F.Y. 2018-19 books are not final audited yet.
can we make it to books???

But main problem is :-
is there any way to show that credit note in old gstin gstr1 and that reflects in gstr2 of our party???

avater

Pankaj Rawat (GST Practitioner)     15 October 2019

Pankaj Rawat
GST Practitioner 
 2856 likes  38356 points

View Profile | My Other Post

Yes you can issue credit note on 22/11/2019 but without giving GST effect.

No you cannot show under old GSTN, yes you can report in annual return

Sanjeev Kumar   16 October 2019

Sanjeev Kumar

 12 points

View Profile | My Other Post

Suppose Invoice value was 100+9+9
now to issue credit note (without giving gst effect) credit note value should 100 or 118????


and is there any benefit of itc which arise after reporting credit note in annual return. (means decreasing liability in gst annual return make some benefit of itc to us or not???)


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  




Popular Discussion


view more »