Taxable Value Not Changed but GST Amount to Change
Example : Taxable Value - 10000/- ---
Wrong GST Rate 18% Charged -- CGST 9% - Rs. 900/- and SGST 9% - Rs. 900/-
Correct GST Rate is 5% ------- CGST 2.5% - Rs. 250/- and SGST 2.5% - Rs. 250/-
Excess GST Amount Charged ----- CGST - Rs. 650/- and SGST - Rs. 650/- ( Credit Note Value Rs. 1300/- )
Now Question is > Under Credit Note Table, Which Section to Report of Excess GST Rs, 1300/- in GST Rate Breakup ( i.e. 5%, 7%, 12%,18% etc ) and What is the Taxable Value ( Because Taxable Value is correct and not to change )
CAclubindia
