Credit note limitations

24 October 2019

what is limitation for credit note (time limit)plz clear me

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7 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 24 October 2019

As per Section 34(2) of CGST shall not be issued later than September following end of FY or Date of furnishing Annual Return , whichever is earlier

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 25 October 2019

Yes.... I agreed to Mr Pankaj Rawat's reply...

Sanvi Kamath (16 Points)
Replied 25 October 2019

means we cannot raise credit note against invoice of last FY into this FY?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 25 October 2019

Originally posted by : Sanvi Kamath
	means we cannot raise credit note against invoice of last FY into this FY?

Ask Your query with clearly.... Which FY you ask?

Sanvi Kamath (16 Points)
Replied 01 November 2019

I have to issue credit note for invoice raised in Sep. 2018. can i issue credit note for sep.18 invoice in the month of Nov. 19

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 01 November 2019

Originally posted by : Sanvi Kamath
	I have to issue credit note for invoice raised in Sep. 2018. can i issue credit note for sep.18 invoice in the month of Nov. 19

NO.... THE TIME LIMIT IS SEP-19...

Sanvi Kamath (16 Points)
Replied 01 November 2019

Ok Thank you

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