We have raised an invoice on 10.10.2023 now we want to raise a credit against this invoice on 22.04.2024
Pls clarify, we can raise a credit note on 22.04.2024
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Quick Summary
This discussion clarifies whether a credit note can be raised for an invoice issued in a previous financial year. The consensus is that it is permissible to issue a credit note on a later date, even if it falls into a new financial year. However, participants raise important considerations regarding GST implications and the potential impact on the profit and loss accounts of both the current and previous financial years.