Cancellation of invoice

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Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2010 Dear Experts,

We are the manufacturers of the Paper, and we have dispatched a certain consignment, on issue of certain exceise invoice on 31 st of september. The duty in the invoice was paid within the due date. On 10 th october, the consignee replied that the material described in the invoice was wrong and thus asked for a new invoice.

So i was required to cancel the same issue a new one. Now, the question is that how should retake the credit on the same, and whther i have to pay th eduty again on the new invoice

GSTP Hari Dhayalan Konar

GSTP Hari Dhayalan Konar (Expert)
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29 October 2010 you may issue credit note against that wrong invoice. then you can issue new invoice. no need to pay tax again. you will get adjustment.

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Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2010 the credit note will be inclusive of duty???

GSTP Hari Dhayalan Konar

GSTP Hari Dhayalan Konar (Expert)
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29 October 2010 yes. just reverse entry against invoice.

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