Credit note
Prachitee gadge (26 Points)
10 February 2021
In Jan 21return filling will be consider the Jan 20 Credit notes ?
6 Replies
Analytic Business Consulting
(150 Points)
Replied 10 February 2021
As per section 16(4) changes if any for a F.Y can be done till the due date of the September return of next F.Y.
Thus, the credit notes pertaining to P.Y cannot be considered and you can declare such in GSTR 9 and file it with excess payments if any.
However, please consult or seek any other experts opinion also
Thus, the credit notes pertaining to P.Y cannot be considered and you can declare such in GSTR 9 and file it with excess payments if any.
However, please consult or seek any other experts opinion also
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 11 February 2021
Agree with Analytic
Prachitee gadge
(26 Points)
Replied 11 February 2021
Ok Fine But .....sale are done in January 20 and there credit note pass on the date Nov 21 so what will be do?
Analytic Business Consulting
(150 Points)
Replied 11 February 2021
Sale and credit note are different, if the credit note is of November 2020 then you can call consider the credit note since it is issued in C.Y ie, 2020-21.
However im not aware that if there is any other provisions that limits the time period of issuing credit notes on sales made. if there is no such limitations then you could consider it and do accordingly.
However im not aware that if there is any other provisions that limits the time period of issuing credit notes on sales made. if there is no such limitations then you could consider it and do accordingly.
CA Altamush Zafar
(GST Consultant)
(15986 Points)
Replied 13 February 2021
Credit notes can be created but the same will not be reducing gst liability. Therefore these credit notes will not have any gst impact since the time for creating such credit notes were till filing of September 2020 return due date
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