Credit issue due to material not dispatch

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?
Replies (3)
Quick Summary
This discussion addresses a common GST issue where a sale is invoiced, but the material cannot be dispatched due to transport problems, leading to an expired e-waybill. The seller has issued a new invoice and e-waybill. The query focuses on the correct procedure for issuing a credit note for the old invoice and how this impacts GSTR-1 filings and input tax credit reversal for the buyer. The advice given is to treat the old bill as cancelled and declare it as such in GSTR-1, with the credit note reflecting in the buyer's GSTR-2B for ITC reversal.

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

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.

But sir When i issued invoice it's reflect in his 2b but when i issue credit note this also will reflect in his 2b then our sale is nil ?

 

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