We have sold certain goods to a buyer on credit and issued GST invoice, but he failed to take delivery of goods due to space and logistical constraints.
We were about to cancel the sales BUT he requested us to keep the goods in our warehouse till he finds a suitable place and promised he will fully settle the invoice within the stipulated time we have allowed him.
The total sales value is one lakh rupees + GST. Since the goods din not leave our warehouse we have not yet issued e-way bill.
Is this sales allowed under GST or we are supposed to cancel the sales and the sales invoice ?
CAclubindia
