can we issue a credit note after the financial year?
if we issued a march month credit note in May, can we show it in the may month gst return or does it settles in gstr9?
6 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 22 April 2022
Yes , you can issue credit note of F.Y 21-22 up to September 22.
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 22 April 2022
Yes you can issue the debit or credit notes related to the sale of a particular FY upto 30th November of the next FY.
Mention the notes in the GSTR 1 upto 30th November.
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 22 April 2022
@ Puja Madam
credit up to November , is in Budget , is it notified by the GOVT ?.
credit up to November , is in Budget , is it notified by the GOVT ?.
sabyasachi mukherjee
(27579 Points)
Replied 24 April 2022
Generally in every organization entries are made as on 31st March after the end of the closing of the year.
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 24 April 2022
One can issue Credit Note up to November is in Budget 22 , but I think same is not yet notified by the GOVT , I just want to know is it notified ?. earlier it was September .
SUMIT BADYAL
(709 Points)
Replied 28 April 2022
Ok, credit note of f.y 21-22 issue up to sep2022, but in tally, we entered that credit in a year 21-22 or 22-23.
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