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How returned or cancelled orders would be reflected in the final tax calculation sheet?
09 Jul 2024 12.00 AM I 50 Views
How returned or cancelled orders would be reflected in the final tax calculation sheet?
This Article is for stores running on Starter plan or higher
How returned or cancelled orders would be reflected in the final tax calculation sheet?
The merchant should bill only for the products that have been delivered; remaining products should not be billed.
He can return the amount from the payment gateway, as the refund field is flexible with the amount.
Since he has not generated an invoice for the undelivered products, he doesn’t have to worry about tax for them.
If he has already generated an invoice, he can cancel it.
If he can't cancel the invoice because it has already been filed in GST, he can create a credit note with his CA for that invoice and submit it in the tax portal.
