Experts i have an important query. Please help. In FY2019-20 import purchase value wrongly taken as per shipping bill which is more than the actual cost for which payment is made due to which there is variation of around 8 lakhs in taxable value in FY 2019-20. Turnover was around 4 crores in that year. Now how to I rectify this? please guide.
CAclubindia
