Dear Expert
We have issued one gst invoice in January and shown it in GSTR-1. But the party has not accounted the invoice in their books in the year 2017-18. Now can we cancel the invoice or issue credit note to them. Pls suggest.
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GST Invoice cancellation
Replies (4)
yes you issue a credit note
You can't cancel the invoice but you can issue a credit note.
your party can add this purchase bill in next gst return
When you filed B2B in GSTR1,the party account already will be reflected in GSTR2. So the party can account the Missed out purchase with ITC benefit in
their next returns and prepare reconciliation statement.
their next returns and prepare reconciliation statement.
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