For cancellation of invoice

This query is : Resolved

Vishal Khamesara (Querist)
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12 December 2012 Dear Freinds,

How i will adjust the Invoice and Service tax paid for invoice, as this invoice is now cancelled. And Please also tell me about revised Invoice on which basically paid service tax on a higher amount but now bill revised with a lower amount?

with Regards
Vishal Khamesara

@VaibhavJ

@VaibhavJ (Expert)
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12 December 2012 Hi,

You can not cancel invoice dtirectly, you have to pass Credit Note, so that impcat of Sales & Service tax will be taken care.

Same method to be followed while re-issuing any invoice, cancel old invoice by passing CN, & re- isued invoice with new no. & date.

Thanks//Vaibhav

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Vishal Khamesara

Vishal Khamesara (Querist)
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21 December 2012 Hi,

That means i can take benefit of credit but only after credit note. Is there requirement of Debit not from such party? And the same entry will be reversed in month in which D/N received from party? How can we show this credit in the ST Return?

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