Hi,
A bill was raised in February 2019 for an incorrect amount of 421050, gst of 5% is included. The party in whose favor it was raised paid only 280000/- The correct invoice amount was 315000/- including gst. The party did not took claim for the gst and surrendered their gst number in August 2019. They didn't even enter the invoice in their books. Can we revise the invoice now and reverse or claim back the excess gst paid from our side? The gst returns till March 2020 have already been filed.
Thanks
CAclubindia
