Debit note query
Ajnas (Student) (844 Points)
03 March 2021Ajnas (Student) (844 Points)
03 March 2021
Amit Potadar
(Consultant)
(135 Points)
Replied 03 March 2021
Hi Ajnas,
Don't use offline utility for this, Do it online enter taxable value as 1 and manually you need to change the tax components.
Amit Potadar
(Consultant)
(135 Points)
Replied 03 March 2021
Taxable value be 100. Suppose in invoice you charged 12% GST instead of 18%. For difference 6% you need to raise debit note.
While updating CDNR Details you need to show taxable Value as 1 and invoice value as 6 and in tax components Rs 6 you can add that amount manually based on CGST SGST or IGST.
If you are query further ping me in "aptaxprof @ gmail.com".
Ajnas
(Student)
(844 Points)
Replied 03 March 2021
Amit Potadar
(Consultant)
(135 Points)
Replied 03 March 2021
Tax amount would be CGST Rs 3 and SGST Rs 3 or IGST Rs 6. Rate of Tax you show the correct one in this example its 18%.
Ajnas
(Student)
(844 Points)
Replied 03 March 2021
Amit Potadar
(Consultant)
(135 Points)
Replied 03 March 2021
1. Correct. Show invoice value as 6. Make sure your tax amount is your invoice amount.
2. This is the only way of reporting.
3. No interest is applicable for differential amount.
Ajnas
(Student)
(844 Points)
Replied 06 March 2021