Invoice 24-25

Sales invoice partainng to FY 24-25 can we cancel in 25-26.

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Quick Summary
This discussion clarifies that sales invoices pertaining to the financial year 24-25 cannot be directly cancelled in the financial year 25-26. Instead, to reduce the invoice value, a credit note must be issued. Deleting a tax invoice is not permitted; a credit note is the correct procedure.

No. For invoices related to FY 24-25, if cancellation is desired during FY 25-26, direct cancellation is usually not possible. Instead, a credit note (to reduce the invoice value) must be issued.

Deletion on tax invoice is not allowed only a credit note is opted for.

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