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How to amend invoice in case of cancelled invoice

2132 views 5 replies

Priyanka

Accounts Manager

60 Points Posted on 12 March 2018

Hi,

We had raised invoices to our client. We have filed GSTR-1 for the Quarter.

Now, due to some issues, some projects got canceled. We have canceled the invoices.

How do we do the same in the GSTR Return?

How should we Amend the B2B Invoice so as to get the invoices canceled?

We do not want to issue Dr/Cr notes as no payment has been received.

Please help

Replies (5)

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 12 March 2018

If You are raised the Invoice then How it will be Cancelled...?

Its my personal opinion, you have to issue CREDIT NOTE and no Amendment is possible. once issued & entered in GSTR-1. how we cancelled the invoice.

Its my personal opinion, if anybody have different view then views are welcome. Thanks. Disclaimer: It is not Professional Advice.

VINEETH.R

FINANCIAL ACCOUNTANT

458 Points Posted on 12 March 2018

You can issue credit notes matching with the inovices amount, which you want to cancel .

Divakar

Student CA Final

11857 Points Posted on 12 March 2018

In GSTR2A ur buyer will reject that invoice.... Thats the solution u have

Pankaj Rawat

GST Practitioner

55067 Points Posted on 12 March 2018

Invoice is issued on or before delivery of goods, if u have not delivered the goods then how can u consider same in GSTr 1
so if u have done so, there is no any way out other then issue of credit note for the same.