Cancelled transaction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2017 Can anyone please let me know about the effect & journal entries in books in relation to a transaction on which gst was paid previously but subsequently that transaction is cancelled. And whether in that case whole amount including gst be refunded or only net amount to be refunded.

RAJA P M

RAJA P M (Expert)
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03 December 2017 Are file your return with the cancelled bill or not...?

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2017 Yes i had filed my return and my transaction was with unregistered dealer, i.e , end consumer.

RAJA P M

RAJA P M (Expert)
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04 December 2017 Prepare Credit Note for the Whole amount with GST Tax... And file in your GSTR 1...

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