sir,
we issued credit note in Aug 2017,But Credit note liability not utilised or reduced for FY 2017-18, 2018-19 and 2019-20 ..Now my query is Can we claim the said credit note liability in FY 2020-21..Is it possible to utilise the 2017-18 FY credit note liability in FY 2020-21? what is the time limit to utilise the credit note?
thanks in advance...
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Regarding time limit of credit note liability..
Replies (5)
Last date of availaing credit was tax audit due date, credit lapsed now
You can reduce such tax liability now by reducing tax on outward supplies.
Sorry *GST audit i was going to say. question to radhmi , Mam can we avail after due of sept or gst audit ?
Yes you can
Whether such credit note filed in GSTR-1 in 2017-18 or till extended time?
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