Respected Sirs,
Somebody told us that there is penalty if we cancel e-invoice. Is it true or illusion??
Ahuja Shekhar (Accountant) (95 Points)
13 May 2022Respected Sirs,
Somebody told us that there is penalty if we cancel e-invoice. Is it true or illusion??
Dip Narayan
(Deputy Manager)
(767 Points)
Replied 19 May 2022
The FAQ says:
Yes. The cancellation request can be triggered through ‘Cancel API’ within 24 hours from the time of reporting invoice to IRP.
However, if the connected e-way bill is active or verified by officer during transit, cancellation of IRN will not be permitted.
In case of cancellation of IRN, GSTR-1 be updated with such ‘cancelled’ status.
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