Invoice Cancellation
I raised an invoice which my customer did not record in the VAT return, I have paid VAT to FTA on this invoice. Now the customer is asking me to cancel this invoice and raise a fresh invoice. Does VAT allow this?
Replies
Akshaya Khandooja19/09/2019 22:16:19
As per Article 61, VAT Laws allows only to adjust the output VAT by issuing credit note in limited circumstance which includes where the supply was cancelled, tax treatment got changed, previously agreed consideration canceled the invoice etc. Therefore, you should not consider to cancel the invoice
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