The time limit for issuing a credit note in the context of e-invoicing depends on the tax laws and regulations of the specific country in which the business operates. Below is a general overview based on some countries:

Saudi Arabia (KSA):

Time Limit: In Saudi Arabia, the credit note must be issued within 60 days from the date of the original invoice.

The credit note needs to be created in compliance with ZATCA (Zakat, Tax and Customs Authority) regulations.

India (GST System):

Time Limit: According to the Goods and Services Tax (GST) laws in India, a credit note can be issued within 1 year from the date of the invoice.

If the credit note is issued after this period, it is not eligible for input tax credit, and it can only be adjusted in the books.

European Union (EU):

Time Limit: In the EU, the general time limit for issuing a credit note is typically within 6 months from the date of the original invoice. However, this varies by country within the EU.

The specific rules may vary depending on the VAT rules applicable in the respective member states.

Other Countries:

The time limits for issuing a credit note vary across countries, but in general, it should be issued within a reasonable period after identifying the issue (like returns, discounts, or overcharging).

Some countries may follow a specific period of 30 to 60 days from the original invoice date.