TaxTMI 
TaxTMI 
If we want to cancel invoice due to non lifted material by customer what is procedure under GST.
Cancellation of invoice under GST Act
31 Oct 2017 
6 Replies 
96635 Views Asked by
Invoice cancellation under GST requires issuing a credit note, reporting the adjustment in GSTR-1 and following statutory procedure.
Cancellation of a GST invoice requires issuing a credit note and recording the adjustment in the credit note table of GSTR-1; invoices cancelled within the same tax period may be treated differently for GSTR-1 reporting. Invoice-range and numbering information in GSTR-1 must reflect cancelled invoices to maintain sequencing and enable audit traceability. The statutory cancellation procedure prescribes the mechanism, timing and reporting requirements for such adjustments. (AI Summary)
Cancellation of a GST invoice requires issuing a credit note and recording the adjustment in the credit note table of GSTR-1; invoices cancelled within the same tax period may be treated differently for GSTR-1 reporting. Invoice-range and numbering information in GSTR-1 must reflect cancelled invoices to maintain sequencing and enable audit traceability. The statutory cancellation procedure prescribes the mechanism, timing and reporting requirements for such adjustments. (AI Summary)