SUMIT BADYAL 21 January 2021
prasad Nilugal 22 January 2021
SUMIT BADYAL 22 January 2021
prasad Nilugal (Sr . Accountant and GST Practitioner . ) 22 January 2021
You mean to say , earlier you issued sales Invoice with more rate and then latter on rate reduced . please clarify .
SUMIT BADYAL 22 January 2021
prasad Nilugal (Sr . Accountant and GST Practitioner . ) 22 January 2021
Then you have to issue Credit Note giving reference of original Invoice for difference amount for rate reduction as a supplier to Customer and show same credit Note in Tally ERP 9 ., However credit note should be as per section 34 of the CGST act 2017 . .
prasad Nilugal (Sr . Accountant and GST Practitioner . ) 22 January 2021
I will give you example , Suppose Taxable value shown earlier in original Invoice is 105 + GST , now you want reduce taxable value 100 +GST , Credit Note is to be issued for Rs 5/ + GST (105-100) .
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