Rate differences

hi, how we enter rate difference entry as a supplier in tally with gst
Replies (6)
Quick Summary
This discussion explains how suppliers can handle rate differences in Tally when GST is involved. If you've issued a sales invoice with a higher rate and later need to reduce it, you must issue a credit note. This credit note should reference the original invoice and be raised for the difference in value, including GST, as per Section 34 of the CGST Act 2017. An example is provided where a taxable value reduction from £105 to £100 necessitates a credit note for £5 plus GST.

Please elaborate with details or example .
The rate difference in the sale invoice

You mean to say ,  earlier  you issued sales  Invoice with more  rate and  then latter on  rate reduced    . please clarify .

Right

 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 . . 

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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