Rajini & Co. is engaged in supply of taxable goods. It issued a credit note to Laxman & Co. on 05th June, 2022 in respect of supply made in April, 2022. What is the maximum time limit to declare the details of cr

CS Executive · Tax Laws · PYQS · June 2023
Rajini & Co. is engaged in supply of taxable goods. It issued a credit note to Laxman & Co. on 05th June, 2022 in respect of supply made in April, 2022. What is the maximum time limit to declare the details of credit note in the GST return?
(A) 31st March, 2023
(B) 30th September, 2023
(C) Date of furnishing annual return or 30th September, 2023 whichever is earlier?
(D) 30th June, 2022

Answer & Explanation:

The official key records 'C*'. This question is excluded from automatic grading because the source does not supply an unambiguous valid choice. Official source note: All options are wrong: As per Section 34(2), Any registered person who issues a credit note in relation to a supply of goods or services or both shall declare the details of such credit note in the return for the month during which such credit note has been issued but not later than 30th November following the end of F/Y in which such supply was made, or the date of furnishing of the relevant annual return, whichever is earlier,

Topics: GST

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic