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Wrong tax rate calculated

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Vishal

accountant

26 Points Posted on 15 March 2022

i have crated a invoice with 28% but that product are 18% mistakely created. we paid that tax and it is 2 month old trantion then what tritment can i do?

Replies (3)

Quick Summary

A user mistakenly charged 28% GST on an invoice for a product that should have been 18%. They've already paid the tax and the transaction is two months old. The advice given is to either create a credit note for the client to adjust GST liability and ITC, or amend the invoice via the current month's GSTR-1 filing. The user is also questioning if they can leave the error uncorrected since they've paid the extra tax.