CREDIT NOTE - PREVIOUS FINANCIAL YEAR 2020-2021

This discussion addresses how to issue a credit note for a bill from the previous financial year (2020-2021) where the original invoice date was 30-03-2021. The aim is to cancel the old bill and issue a new one in the current month, while correctly reporting this in GST. Advice suggests issuing the credit note with its original March date and reporting it in the current GSTR 1, even if the March return has been filed. It's clarified that direct linking of the credit note to the original invoice isn't necessary for reporting.