Wrong gst rate charge in Invoice
This query is : Open
RK AND ASSOCIATES
(Querist)
29 September 2017
What can be done if we have charge wrong rate is
taxable value =10000
Csgt. 9%. = 900
Sgst. 9 %. = 900 but we were suppose to charge 14%. 1400
14%. 1400
CA R SEETHARAMAN
(Expert)
29 September 2017
Raise supplemental invoice or debit note.
RK AND ASSOCIATES
(Querist)
29 September 2017
what would be it like
RK AND ASSOCIATES
(Querist)
29 September 2017
can u please do it here
CA R SEETHARAMAN
(Expert)
29 September 2017
Issue another tax invoice quoting reference of original invoice and charge only the difference in GST.
RK AND ASSOCIATES
(Querist)
29 September 2017
sundry debtor Dr.1000
Output cGst. 500
output sgst. 500
RK AND ASSOCIATES
(Querist)
29 September 2017
no taxable value to be taken right?
CA R SEETHARAMAN
(Expert)
29 September 2017
Yes you are right.
See the link.
https://howtoexportimport.com/How-to-prepare-a-Supplementary-tax-invoice--4857.aspx
See the link.
https://howtoexportimport.com/How-to-prepare-a-Supplementary-tax-invoice--4857.aspx
Chhatra Singh Dugar
(Expert)
30 September 2017
Choice is yours whether you opt for debit note or supplementary Invoice whichever is convenient to you.
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