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

Credit note issuance under GST disallowed for bad debts; statutory time limits and proviso bar output tax reduction.
Credit notes under credit note u/s 34(1) are not available for unpaid invoices (bad debts). The statutory time limit u/s 34(2) mandates declaration in the return for the month of issuance or by the following November thirtieth or date of the annual return, whichever is earlier; if that period has elapsed, credit notes cannot be declared or used to adjust output tax. The proviso bars reduction in output tax where the incidence of tax and interest has been passed to any other person. GST returns are not routinely revisable and GST remains payable even if sale proceeds are not received.