WE ARE MANUFACTURING COMPANY AND HAVE ISSUED INVOICE ON 31-07-2018 BUT DUE TO SOME REASON THE PARTY COULD NOT PICK UP THE MATERIAL AND THE ORDER WAS CANCELLED BUT I HAVE FILLED GSTR 1 FOR JULY SO NOW HOW DO I REVERSE IT AND IF I ISSUE CREDIT NOTE THEN ON WHAT GROUND BCOZ IT IS NOT SALES RETURN MATERIAL IS LYING AT OUR PREMISES.
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Invoice raised but material not supplied
Replies (2)
You can raise credit note.
Ironically it should be considered only as sales return or credit note. Just mention that the material failed to be picked up.
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