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Credit notes of fy 17-18 in gstr 3b of fy 19-20

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Saurav garg

Student

60 Points Posted on 18 March 2020

i had issued a credit note in fy 17-18 but i forgot to show it in gstr1 as well gstr 3b
and while filling annual return of fy17-18 i had shows it in table 4. My query is whether i can decrease my output liability of fy 19-20 against credit note of fy 17-18 or not.

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Quick Summary

A user inquired about claiming a credit note issued in FY 17-18 against their FY 19-20 output liability, having previously declared it in their FY 17-18 annual return. The response clarifies that the time limit for claiming such adjustments has lapsed, meaning the credit note cannot be used to reduce the output liability for FY 19-20.