Rate of GST charged by the assessee is less than prescribed
This query is : Resolved
09 May 2021
Dear All
An assessee has by mistake charged GST @12% instead of 18%.
Parties who bought goods doesn't willing to pay the difference of duty. What are the tax implications and accounting treatment to resolve this issue.
An assessee has by mistake charged GST @12% instead of 18%.
Parties who bought goods doesn't willing to pay the difference of duty. What are the tax implications and accounting treatment to resolve this issue.
09 May 2021
Pay the GST and charge it as expenses.
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