Hello Experts,
I have few queries on which i need accurate guidance (lot of experts do not have clarity), this is for a use case in my company
We want to cancel Invoice posted to Customer GL accounts & somehow we need to revise them (invoice contains service+material).
But, my accounts team is objecting invoice cancellation based on below argument.
Under GST
Not a single invoice should be cancelled in system, all invoice HAS to be adjusted against Credit Note
In GST return, all invoices should be displayed serially, not a single invoice should be missed
In my case its service invoice & can not be returned.
If i post credit note, then i have to get additional material & perform service. this will enable me to post new invoice but i will endup consuming double of the actual material.
Please Advise.
Vishal Kamabre
CAclubindia
