Situation 1.Mr. X sell the product Rs.150000+18% GST but actual rate pf GST 12% how to solve this issue?
Situation 2.Mr. X sell the product Rs.150000+12% GST but actual rate pf GST 18% how to solve this issue?
In situation 1. and 2. How to report this in GSTR 1 and GSTR 3B?
As per section 34 of the CGST act 2017
In first case Supplier Mr X will issue Credit Note of difference amount
In second case supplier Mr X issue Debit Note of difference amount
In GSTR 1 supplier will show in Table 9B
In GSTR 3B supplier will show as - Value of Taxable supply = Value of Invoice + Debit Note - Credit Note
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