After generating e-way bill for a interstate supply found the gst rate was wrong. Collected 5percent instead of 18 percent. How to rectify the error? If the supply bill is reissued with the correct IGST rate, it would be different from the e-way bill particulars already filed. Would a debit note with differential 13 percent IGST alone suffice to correct the mistake? If so the receiver of the supply could avail the input this month itself. Or is it right to file the GSTR1 with the incorrect 5 percent in this month and revise it be next month applying 18 percent? Experts kindly advice.
Menu
How to revise a filed supply? Debit/ Credit note or revising the supply
Replies (4)
Quick Summary
You can issue both the invoice and the debit note in the same month.
Yes either you can issue debit note for 13 percent or may amend the invoice in next return with interest.
Debit note of differential 13 percent IGST as the total value with zero in the 18 percent value field and differential 13 percent IGST amount in the 18 percent tax field. Am I right? Thank you.
Will go for the first option so that the supplier would receive the IPT this month itself.
Recent Topics :
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
Related Topics :
CAclubindia
