Wrong classification/SAC code

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This query is : Resolved

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This discussion addresses concerns about incorrectly stating the Service Accounting Code (SAC) or service description on GST invoices for the past financial year. The consensus is that if the GST rate remains the same (18% in this case), tax has been paid, and no tax evasion has occurred, there's likely no penalty. While it's a clerical error, it's advised to correct future invoices and inform recipients if necessary.

Prakash Joshi

Prakash Joshi (Querist)

23 April 2022 Hi friends,
Is there any penalty if I have mentioned a wrong Service description and/or SAC code on my tax invoice in the FY just competed.

1. is there any problem for the receipient to claim the GST.
2. is there any remedy to rectify it. of course, now it has been detected and I can correct it for
future.
However, there is no change in the rate of GST. both the services are taxable with 18%. And tax has been collected and duty paid/adjusted from ITC.

An expert view on this will be a great help.
Thanks

Prakash

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

23 April 2022 1 No problem.
2 Correct it in future. As there is no tax evasion and taxes are paid and return filed. No penalty can be be levied as now corrective action taken.
It's only clerical error.

Prakash Joshi

Prakash Joshi (Querist)

24 April 2022 Sir, Thnk you vry much.
If anyone has a different view on this please share.

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