Cancellation invoice — why is it issued?
Cancellation invoices Are also used as Correction calculations referred to. You create this when An error in an invoice exist or you at the request of your customers Make changes want. Another reason is a return of the goods or cancellation of a service by customers.
Neither invoice recipients nor issuers may make changes to the original document. Because cancellation invoices are subject to general suspicion of Sales and tax manipulation. How is it the GoBD , you must create and store invoices as tax-relevant documents in a comprehensible and verifiable manner.
What is in the bill?
Accordingly, your customers must have a faulty reckoning Complain And a Request a cancellation invoice. You will then receive a corrected invoice. It should match the original invoice, with the amounts minus. It also receives the corresponding name and its own invoice number. For a clear allocation, refer to the original invoice by referring to the number and date of the original invoice. In addition to the items, you should explicitly state that you are canceling the original invoice.
Note that it is no longer allowed refunds To be issued when it comes to refunds goes. Even if payment and shipment have already been made, you must generate and issue a cancellation invoice. So-called real credits are only allowed if suppliers or employees write invoices to be paid by credit note.
What is the mandatory information?
- Name and address of the invoice recipient
- Date of issue of the adjustment invoice
- tax number or Sales tax identification number of the invoice issuer
- Invoice number and date of issue of the original invoice
- Quantity and type of products or services
- net amount
- tax amount
- tax rate
- Minus cancellation invoice amount
