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CREDIT NOTE - PREVIOUS FINANCIAL YEAR 2020-2021

187 views 6 replies

Dunaboyina subrahmanyam

accounts

67 Points Joined August 2009

Dear All,

Let me know, how we issue credit notes against for previous financial year bill. the original invoice date is 30-03-2021.

now we want to cancel the bill by way of the credit note. and we have to issue the fresh bill in the current month.

How We report in GST ?

Replies (6)

setu shah

GST CONSULTING AND AUDIT

261 Points Joined July 2017

Issue credit note and reflect in 3B and Gate 1

CMA Poornima Madhava

CMA

13117 Points Joined May 2009

C/n can be generated and the same along with the new invoice can be uploaded as part of subsequent return.

Imthias ahamed Kormath

910 Points Joined July 2017

To b done before 30/09/21

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Raise the Credit Note of March month , report the same in your current GSTR 1 with its original date (March) ,
If you have not filed your March Return then you can easily report in GSTR 1 for the month , else need to report in your current Month GSTR 1 by putting it's original date of issue (March)