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Vat % wrongly charged in sales invoice
The invoices or bills have already been generated @ 5% since 01 April 2016 till now.
I didn't know that MVAT @ 5% is now MVAT @ 5.5% w.e.f. 01 April 2016.
How to rectify this error ?
(most of the buyers are end users)
Replies (1)
Recalculate the tax amount and pay while filing the return.
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