DEBIT NOTE INSTEAD OF CREDIT NOTE

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INCOME TAX PRACTITIONER
1329 Points Posted on 17 January 2022

SIR,

FOR THE MONTH OF DECEMBER21 WE MADE A DEBIT NOTE WRONGLY INSTEAD OF CREDIT NOTE,

HOW TO CORRECT IT?

 

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On 17 January 2022 at 11:57 Report
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Quick Summary
A user mistakenly issued a debit note instead of a credit note for December 2021, resulting in an overpayment of tax. They are seeking advice on how to rectify this error. The proposed solution involves issuing a credit note in January 2022 to adjust the tax liability.

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account -GST
1560 Points Posted on 17 January 2022
Correction in next month
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On 17 January 2022 at 20:06
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INCOME TAX PRACTITIONER
1329 Points Posted on 19 January 2022

Actually I need to raise a Credit note for 100000/- in december 21 return, If I done 100000/- is minus from the actual tax I pay for DECEMBER 21, but wronglY as debit note so, I have to pay 200000/- additional tax for dec21.

If I make credit note for january 22, I have to create credit note for 200000/- right?

Thanks

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On 19 January 2022 at 11:55

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