Hi
Goods sold in July 2019 and bill was issued and also return has been filed, now can we give credit note against that bill in Aug 2020 as there is some discrepancy with the buyer.
Please help
5 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 28 August 2020
Yes, you can give credit note...up to September, 2020
Amish Maknojia
(Student)
(507 Points)
Replied 28 August 2020
What's the time limit for issue of Credit note?
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 28 August 2020
Credit Note should 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.
So, Generally, it's 30th September of next year.
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.
So, Generally, it's 30th September of next year.
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 30 August 2020
Welcome......Amish ji
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