Issuing debit notes for f.y 2016-17 related services

[srinivas enaganti]

Whether we issue debit notes today invoices/service pertains to F.Y 2016-17 ...?

Is there any time limit for issuance of debit notes & for this which section can refer ...?

Please help ...

AI Summary

Debit Notes Issuable for 2016-17 Services in 2020 if Price Escalation; GST Payable per Transitional Provisions A query was raised about issuing debit notes in 2020 for services related to the financial year 2016-17 under the Goods and Services Tax (GST) framework. The first response suggested issuing a credit note without tax. The second response confirmed that debit notes could be issued if related to price escalation, with GST payable according to transitional provisions.