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Due date of Credit note in gst

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Dipjyoti Majumdar

CA in service & CS. dipmaj@

2874 Points Posted on 28 February 2024

Dear Members

As per section 34(2) of CGST Act, 2017 credit note of FY 2023-24 has to be declared in return not later than 30th November 2024. Does it mean that gstr1 of October 2024 which is due on 11th November 2024 if submitted on or before 30/11/2024 will be compliance of section 34(2).

Please advise.

Regards

CA Dipjyoti Majumdar

Replies (3)

Quick Summary

This discussion clarifies the due date for declaring credit notes issued in FY 2023-24 under Section 34(2) of the CGST Act, 2017. The deadline for declaration is typically linked to the return filing period following the invoice date, with a specific mention of 30th November 2024 for the relevant financial year. It's confirmed that submitting GSTR-1 by its due date (e.g., 11th November 2024 for October returns) and including the credit note constitutes compliance. Importantly, the credit note must also be reflected in GSTR-3B within the stipulated timeframes.