Credit note tax adjustment limit in gst
This query is : Resolved
06 January 2020
dear experts,
Please help me to know any limit in adjusting output tax when issuing credit note (sales return).
any limit to debit note?
Thanks in advance
Regards
Rajesh
Please help me to know any limit in adjusting output tax when issuing credit note (sales return).
any limit to debit note?
Thanks in advance
Regards
Rajesh
06 January 2020
NO SUCH LIMIT BUT SHOULD BE ISSUED WITHIN 6 MONTHS FROM INVOICE DATE.
06 January 2020
Sir
Suppose if return from customer is after 6 months. Then can we reverse output tax?
Suppose if return from customer is after 6 months. Then can we reverse output tax?
07 January 2020
YOU CAN REQUEST THE PARTY TO ISSUE SALE INVOICE AND BOOKED ITC
07 January 2020
sir,
For B2C customer what is the rule? they cannot issue sale invoice.
Also i came to know from reliable source that the limit for issuing debit and credit note is financial year full upto 30th sep when we are filing annual return of gst. so 1 and half years we can adjust output tax. for eg fy 19-20 we can adjust output tax till sep 2020. Please suggest.
Thanks in advance
Regards
Rajesh
For B2C customer what is the rule? they cannot issue sale invoice.
Also i came to know from reliable source that the limit for issuing debit and credit note is financial year full upto 30th sep when we are filing annual return of gst. so 1 and half years we can adjust output tax. for eg fy 19-20 we can adjust output tax till sep 2020. Please suggest.
Thanks in advance
Regards
Rajesh
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
