if mistakenly any worng invoice is raised and came to notice only after filling return for that particular month in which the wrong invoice raised, then what is the procedure to correct it (the Invoice and return (GSTR-1 and GSTR-3B). As there is no provision for cancellation of invoice in GST regime.
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Cancellation of invoice in gst regime
Replies (5)
Better to Prepare Credit Note.
So, Simple.
So, Simple.
As per Section 34 of CGST ACt Credit note can be issued in case of;
1. sales return
2. tax rate difference
3. Excess price charged
but in the instant case invoice is issued on wrong customer (GSTIN No.) for example instead of raising on Ram Ltd. it has been raised on Shyam Ltd.
Okay...
So, What is Your exact Solution in this regard...? or
Hoe to You solve the problem...?
So, What is Your exact Solution in this regard...? or
Hoe to You solve the problem...?
Your 1st query not contained "The Invoice isssued wrong party - Right". Go to Amend Your next GSTR 1 return...
Also You can prepare "Credit Note". No more restriction as per Your above said reply noted sec 34....
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