Credit note tax adjustment limit in gst

This query is : Resolved

Rajesh TM (Querist)
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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

Gokul Sharma

Gokul Sharma (Expert)
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06 January 2020 NO SUCH LIMIT BUT SHOULD BE ISSUED WITHIN 6 MONTHS FROM INVOICE DATE.

Rajesh TM

Rajesh TM (Querist)
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06 January 2020 Sir
Suppose if return from customer is after 6 months. Then can we reverse output tax?

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Gokul Sharma

Gokul Sharma (Expert)
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07 January 2020 YOU CAN REQUEST THE PARTY TO ISSUE SALE INVOICE AND BOOKED ITC

Rajesh TM

Rajesh TM (Querist)
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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