In work contract while awarding the order by Govt Dept (Govt Dept registered as TDS Deductor)and submitting the invoice by the contractor the tax rate was considered 18%.
Now the Government Dept is releasing the payment on completion of the work as per the invoice with GST18% but now we found out that tax rate should be only 12%. What can or should be done here to retify the error?
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Work Contract
Replies (5)
Quick Summary
You can approach the department with the revised invoices and request for the consideration of the same.
Can credit note be used in this Case?
Yes you can issue Credit Note or Supplementary Invoice. 👍
As per Above both the way is correct , either correct it by submitting revised invoice (if dept agree) , else need to issue Credit Note as per Section 34.
Yes absolutely 👍
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