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Credit note issue period.

Kartik Ram (Individual) (62 Points)

08 September 2020

what is time limit for issue credit not against a sale bill?

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CA Sunil Kumar (Chartered Accountant) (4524 Points)
Replied 08 September 2020

There is no time restrictions to issue a credit note but if u have gst adjustments then Credit Note can be issued by earlier of the following dates:

1. Date of filling of Annual return in which the Original Tax Invoice was issued; OR

2. 30th September of the FY immediately succeeding the FY in which the original Tax Invoice was issued.

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