TaxTMI 
TaxTMI 
Dear Experts,
Can we cancelled 3 to 5 invoice in a month. What will be the condition and obligation for cancelation the invoice. Is it any reason compulsory to given the department for cancelation the Invoice. Pl. advice.
Thanks
Condition Cancelation of Invoice
02 May 2013 
7 Replies 
5284 Views Asked by
Invoice cancellation procedures require prompt departmental intimation and retention of copies under indirect tax compliance.
Cancellation of invoices requires prompt intimation to the tax range-on the same date or next working day in exceptional cases-together with sending the original cancelled invoice copy; retain a triplicate copy for production to audit or visiting officers and record cancelled invoice numbers in statutory VAT/CST/entry tax returns. Routine advance preparation of invoices days before removal is discouraged as it may conflict with central and state tax provisions. (AI Summary)
Cancellation of invoices requires prompt intimation to the tax range-on the same date or next working day in exceptional cases-together with sending the original cancelled invoice copy; retain a triplicate copy for production to audit or visiting officers and record cancelled invoice numbers in statutory VAT/CST/entry tax returns. Routine advance preparation of invoices days before removal is discouraged as it may conflict with central and state tax provisions. (AI Summary)