Credit Note

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....redit Note<br> Query (Issue) Started By: - KUMAR Narasimhan Dated:- 17-4-2024 Last Reply Date:- 20-4-2024 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Dear Sir And Madam, If Credit note has been Issued on 30th Jun 2023 for the supply made in January 2023, under GSTR-9 and GSTR-9C in which year it has to report. From the above situation if the Credit Note Issued on 2nd December 2023 wh....

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....at is the treatment. Sec 34(2) does not says that Credit note Issued after the end of the Financial year for the supply made for the Previous year to be reported in the previous year Annual return. Please clarify Reply By Padmanathan Kollengode: The Reply: Query 1 - Credit note has been Issued on 30th Jun 2023 for the supply made in January 2023 GSTR-9 Table 11 - Pls see the instructions there....

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....to in this regard In GSTR-9C Table 5E may be used. Query 2 - Supply made in Jan 2023, Credit note issued on 2nd Dec 2023. Pls specify whether this is commercial credit note or not? Credit note under section 34(2) has to be declared in returns before the 30th November following the end of the financial year in which such supply was made, or the date of furnishing of the relevant annual return, ....

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....whichever is earlier. Reply By Ganeshan Kalyani: The Reply: There is also a practice of showing credit note in the Table 4 of GSTR-9. However, disclosing it in Table 11 seems more appropriate. Reply By KUMAR Narasimhan: The Reply: Dear Sir, Thank you so much for your reply<br> Discussion Forum - Knowledge Sharing ....