Cancellation of invoice under GST Act

[SURYAKANT MITHBAVKAR]

If we want to cancel invoice due to non lifted material by customer what is procedure under GST.

AI Summary

Guidance on Canceling Invoices Under GST Act: Issue Credit Notes per Section 34 and Rule 53 When Necessary. A discussion on the cancellation of invoices under the GST Act addresses the procedure when a customer does not collect the material. Participants suggest issuing a credit note if the invoice is already updated in GSTR-1. If canceled within the same month, it need not be included in GSTR-1, but if issued, it must be uploaded and noted in the credit note table. Reference to Section 34 of the CGST Act and Rule 53 of the CGST Rules is advised for detailed procedures. A participant shares a dilemma of reissuing invoices due to non-payment and double GST payment.