https://www.taxtmi.com/forum/issue?id=118574 A GST credit note must be declared in the return for the month of issuance but not later than the statutory reporting cutoff following the end of the financial year in which the supply was made or the annual return filing date, whichever is earlier. If issued after that cutoff it cannot be used to reduce the issuer's output tax liability, and practitioners therefore often advise issuing non-GST commercial or accounting credit notes to adjust the taxable value without reflecting GST. en-us Wed, 07 Jun 2023 16:11:18 +0530 Thu, 23 Jan 2025 15:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118574 A GST credit note must be declared in the return for the month of issuance but not later than the statutory reporting cutoff following the end of the financial year in which the supply was made or the annual return filing date, whichever is earlier. If issued after that cutoff it cannot be used to reduce the issuer's output tax liability, and practitioners therefore often advise issuing non-GST commercial or accounting credit notes to adjust the taxable value without reflecting GST. Discussion-Forum GST Wed, 07 Jun 2023 16:11:18 +0530 https://www.taxtmi.com/forum/issue?id=118574