akshay (5 Points)
10 April 2024I made a sale last year in the month of March 2023 for which I had filled gstr 1 ...
Currently due to non payment I took back my goods from the shop this year March 2024... As the duration for the same is almost a year So how should I show the entry of the return goods in GST -1 as well as on Gst-3?
Nikhil Kaushik
(Fellow CA)
(85758 Points)
Replied 10 April 2024
you cannot adjust the liability if the credit note has been issued after September. So in this case, no adjustment will be allowed.
sabyasachi mukherjee
(27579 Points)
Replied 11 April 2024
Nikhil Kaushik
(Fellow CA)
(85758 Points)
Replied 11 April 2024
the amount of stupidity in CA club in terms of responses has gone up significantly!
Suresh Kumar
(Account)
(403 Points)
Replied 11 April 2024
Not allowed, As per section 34 of CGST Act, Credit note can be issued only before 30.11.
2023 in your case.
sabyasachi mukherjee
(27579 Points)
Replied 15 April 2024
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