Cancellation of Receipt Voucher

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A company issued a receipt voucher in 2021, received payment, and paid GST, with TDS deducted by the recipient. Now, the deal is cancelled, and they need to refund the full amount. The discussion explores whether to issue a credit note or payment voucher and how to manage the previously deducted TDS. It's suggested to raise a credit note for the refund, and the TDS credit should have been claimed previously. The user later clarifies a refund voucher was issued and seeks guidance on reporting this in GSTR-1 and GSTR-3B.

Sanjay Sharma

Sanjay Sharma (Querist)
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23 August 2022 Dear Experts, one of our company issued a Receipt voucher in July, 2021 to a GST Registered company & against this receipt voucher, we had received total amount including GST & also party deducted TDS on that amount. We had filed our GST return and shown it in Advances Received in GSTR-1 And also shown in GSTR-3B (GST Paid to Govt. Authority). Now August, 2022 this deal is cancelled due to some reason & we have to refund total amount to the party.
shall we raise credit note or payment voucher in respect of GST for full amount plus GST. What happed to TDS, which was deducted by the party in last year.
please give some suggestions regarding the same.
Thanks in advance

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 August 2022 Raise credit note.
TDS credit you might have taken in gstr.
So refund full amount.

Sanjay Sharma

Sanjay Sharma (Querist)
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23 August 2022 But Sir, Credit Note require original tax invoice number, In this case, we had raised Receipt Voucher earlier.

Sanjay Sharma

Sanjay Sharma (Querist)
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08 October 2022 can someone solve my issue? in continuation to above cited query, we had issued a refund voucher in the month of sept, 22. Now going to file gstr-1 & gstr-3b, where its shown in these returns & how its treated?
Thanks in advance.

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