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Credit note

Ravi KUMAR (34 Points)

17 May 2020

any time limit for issuing credit note on sales return

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5 Replies

yash (accountant) (519 Points)
Replied 18 May 2020

Credit note can be issued on sales invoice before next 30th sept of that financial year or filling of annual return. which ever is earlier

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suraj zanwar (Student CA IPC / IPCC) (352 Points)
Replied 18 May 2020

Section 34(2) of the CGST act says that any registered dealer can issue a credit note in relation to supply of goods or services up to aperiod of six months from the end of the financial year or the date of filing the annual return, whichever is earlier

Thanks

2 Like

JASKARAN SINGH (430 Points)
Replied 18 May 2020

It's means in financial year mein hi credit note issues hoga???

Asha Kanta Sharma (Manager - Finance & Accounts) (36365 Points)
Replied 18 May 2020

The credit note pertaining to a financial year can be issued maximum on or before filling GSTR-3B for Sept of the subsequent financial year or before filling the Annual Return (GSTR-9) for the year which ever is earlier.