Issuance of CN against Export invoice- SEZ Company

[Dhruva]

SEZ company raises export invoice in Apr 26 but BOE is not filed yet. In GSTR-1 the export invoice is reported.

In month of May 26, the said export invoice is cancelled in the system. Should we issue CN and report in GSTR-1 or amend the export invoice in GSTR-1.

AI Summary

Credit note versus invoice amendment in cancelled export supplies under GST and SEZ reporting
Where an SEZ unit has reported an export invoice in GSTR-1 and the export transaction is later cancelled before filing of the shipping bill or bill of entry, the discussion centres on whether the earlier disclosure should be reversed by issuing a credit note or corrected by amending the export invoice. The principal view is that, once the invoice has been validly issued and reported, cancellation of the underlying transaction supports issuance of a credit note in the return period of cancellation, with reference to the original invoice, rather than mere amendment of invoice particulars.