CREDIT NOTE - PREVIOUS FINANCIAL YEAR 2020-2021

Dunaboyina subrahmanyam (accounts ) (67 Points)

08 July 2021

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 ?

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6 Replies

setu shah (GST CONSULTING AND AUDIT) (229 Points)
Replied 08 July 2021

Issue credit note and reflect in 3B and Gate 1

CMA Poornima Madhava (CMA) (12987 Points)
Replied 08 July 2021

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

Imthias ahamed Kormath (429 Points)
Replied 08 July 2021

To b done before 30/09/21

Pankaj Rawat (GST Practitioner) (51638 Points)
Replied 08 July 2021

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)

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