Wrongly bill issued 12% instead of 18% what should do now issued revised bill of Debit not?
Replies (3)
Quick Summary
If you've mistakenly issued a bill with an incorrect tax rate, such as charging 12% instead of the correct 18%, you need to rectify this. The recommended solution is to issue a revised debit note. This debit note should clearly state the difference in the tax amount that was undercharged.