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Credit issue due to material not dispatch

ashish dharkar (accountant) (127 Points)

18 August 2022

Dear Sir,

We have issue sale bill but due to transport issue material not dispatch and waybill expire.
Now i have issued new invoice with new ewaybill instead of old bill.
Now what is the next procedure I have issued credit note then buyer also need to show in GSTR1 in debit not or sale bill?

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3 Replies

CA. ANKIT PANDYA (CA) (682 Points)
Replied 18 August 2022

treat the old bill as cancelled, declare the same in your GSTR-1 as cancelled document.

CS Advocate Abhishek Goyal (M Com FCS LLB M-AIMA ) (13531 Points)
Replied 18 August 2022

on the basis of credit notes declared by you in GSTR-1 against GSTN of recipient, it will reflect in his 2B and accordingly buyer is required to reverse input tax credit.