i have issued sales invoice with higher gst rate. now I have to issue credit note but mistake was related to gst rate only then what to mention in taxable value while issuing credit note.
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Quick Summary
This discussion addresses how to handle issuing a credit note when a sales invoice was created with an incorrect GST rate. If the error is in the current month, it's recommended to cancel the original invoice and issue a fresh one with the correct details. For previous months, the invoice can be amended via the GST portal, with amendments generally accepted until the annual return deadline.