Credit Note, supply earlier to GST regim

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Service
227 Points Posted on 26 October 2021
Dear Sir,

We issued 2 invoices in March 2017.

In reconcilation Oct. 2021,we found supplier paid only for one.

Can we issue Financial Credit not in October 2021 for one invoice.


Thanks
Harish
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On 26 October 2021 at 12:30 Report
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Quick Summary
A business owner is asking if they can issue a financial credit note in October 2021 for an invoice from March 2017, after discovering a payment discrepancy. While a financial credit note can be issued, it's important to note that the taxes collected under the previous regime cannot be reduced.

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137 Points Posted on 26 October 2021
You cannot issue now in oct 21
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On 26 October 2021 at 12:33
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GST Consultant
15986 Points Posted on 26 October 2021

Financial credit note can be issued. No issue. However the taxes collected then cannot be reduced

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On 26 October 2021 at 17:17

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