29 October 2020
Sir we are in the business of recovery agency and providing service to bank. our service are under 100% reverse charge. But by mistake while uploading invoice for the F/y 2019-20 some invoices were not ticked with reverse charge. Can we issue revised invoice for that or we can issue credit note and issue a new invoice for it. What will be the correct process.
29 October 2020
Have you paid tax on those invoices? You can not raise revised invoice. Also issuing credit note may not be right because the banks would have already paid the tax using those invoices.You can inform the banks to inform this with copy to GST office.
CAclubindia
