06 December 2017
I issue the invoice in the month of October and also taken the same while filing GSTR 3B. But, now no payment is received to me, so I decide to cancel the invoice. Please reply, what is the provision for same under GST. Whether GST paid by me is get refunded or credited to my electronic credit ledger.
06 December 2017
There is a provision that the buyer has to pay the invoice amount within 180 days from the date of invoice. Otherwise he can't take credit of the same. Ultimately your liability may be reduced and you can get refund or adjust against future liability.
CAclubindia
