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What is time limit to issue Debit/credit note

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(Querist)
09 September 2020 what is time limit to issue Debit /credit note and also who can issue the cited note.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
10 September 2020 6 months is the time limit and only sellers has to issue such notes.
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Daya

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Daya (Querist)
10 September 2020 Thanks sir
for prompt reply.
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Daya

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Daya (Querist)
10 September 2020 Sir i have heard that
There is no time limit to issue Debit note
and there is specific time limit to issue credit note.
please reply.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
10 September 2020 I agree with you there is no time limit for debit note.
GST rules allows to issue credit notes till Sep of next financial year.

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