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Post Gst sale return clause compare to mvat. within six month rule
any clause applicable compare to mvat rule within six month? against sale return?
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In GST in term of Section 34 of CGST Act, any credit/debit note against relevant Invoice can be issue till September following the end of FY in which such supply is made.
ie for Fy 2019-20 , the credit note can be issued till September 2020.
Note : Goods can be return after September also but neither the Supplier can reduce is output tax liability nor the recipient can reduce his ITC .
ie for Fy 2019-20 , the credit note can be issued till September 2020.
Note : Goods can be return after September also but neither the Supplier can reduce is output tax liability nor the recipient can reduce his ITC .
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