Goods and Services Tax – Started By: – Praveen Nair – Dated:- 8-8-2018 Last Replied Date:- 30-8-2018 – Hello Experts,The company follows the system of reversing / cancelling the Tax Invoice (Sales) if there are any discrepancies observed in Tax Invoice details i.e., Batch No. / Wrong Consignee etc… and issues a Fresh Tax Invoice. This is as per the control established in the ERP Software.The earlier number of Tax Invoice having discrepancies remains cancelled and a Fresh number is assigned to the rectified Tax Invoice, which may have same date or other future dates.Since the material has already reached the Customer premises and the software doesn't allow to change details in the existing one we have to call back the error Tax Invoic
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here are no changes in the Invoice Value. Other elements of the Invoices changes, which once printed cannot be amended and hence has to be cancelled, in the ERP system followed by the company.Customer highlights the error when the material reaches their premises. Amendmend in Tax Invoices cannot be made in the software due to control process and hence we have to call back the Tax Invoice cancel it and Issue a Fresh Tax Invoice with the relevant details. The Invoice number changes hence. Returns are filed correctly with the amended Tax Invoice.Query: Whether E-way has to be prepared for the new Tax Invoices, there are no movement of goods since the material has already reached the Customer's premises? – Reply By DR.MARIAPPAN GOVINDARAJAN
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dy raised invoice. e-Way bill may not be required once material reached proper destination. However there will be audit point on cancelling invoice after dispatch of material from your premises. This will lead to willful practice of cancelling invoice after dispatch of material to change the customer. – Reply By Ramaswamy S – The Reply = 1. e-way bill is generated for the Aof goods. The e -way bill has a validity period. There is a provision to cancel the ewb within 24 hours.2. If the goods have left, there is no provision to cancel the invoice/ e-way bill.3. Issue a Credit Note to nullify the receivables.4. Issue a new invoice with a remark that this invoice citing the reference of the Old Invoice No and the CN.5. No ewb is required if thi
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