My supplier had billed me certain products with 5% gst in the last financial year. The supplier realising that the products should be billed with 12% gst had given me the difference 7% as input credit. How do I make these changes in the output. I have also sold those products with 5 % gst.
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Tax difference
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claim the input for the debit note from supplier & further ...Issue the Debit Note. for rate difference against sale made @ 5%
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