Credit Note for 19-20 and 21-22 Invoice

[Pankaj Gupta]

I have a Custiomer who is not paying for my Invoice of 19-20 and 21-22.

Can I raise a Credit note now and claim the ITC next month GSTR-3B?

19-20 there was no GSTR-9C requirement, 21-22 GSTR filed on Dec31-2022. Can we modify GSTR-9C once filed?

Thanks and regards

Pankaj Gupta

AI Summary

No Credit Notes for Old Unpaid Invoices; Section 34(1) CGST Act Bars ITC Claims on Bad Debts A participant in a discussion forum inquired about issuing a credit note for unpaid invoices from 2019-2020 and 2021-2022 and claiming Input Tax Credit (ITC) on the next GSTR-3B. Experts responded that credit notes under Section 34(1) of the CGST Act, 2017, cannot be issued for bad debts, and the time limit for issuing credit notes has passed. It was clarified that non-payment by a customer does not justify issuing a credit note, and GST returns cannot be revised. The situation is considered a bad debt, impacting income tax liability instead.