I have to pay some amount against vendor as charges on foreclosure. These charges were inclusive of GST.
Now I have made the payments Charges with GST. So I have to make an recovery against GST amount.
How should I raise the the credit note to set off incorrect gst amount, Input credit and incorrect expense off.
This is an case of NBFC.
Total amount to be paid was 183,169/- (inclusive of GST)
Incorrect GST paid : 32,970.00/-
So I have to make an recovery of 32,970/-.How should I raise the credit note.