The liability effect on differencial GST by amending B2B

[Asked by Guest]

Can anyone explain that how the differential effect will fall on liability when amending an invoice GST value ( by changing rate of GST)

Say for example. An invoice of Oct-17 has been charged with 28% wrongly instead of 18%, In Jan 18 ,I have given a credit note to the customer for the GST value difference

How can I show this in GSTR 1 .. Can it be shown in B2B amendments...? Will it be ok at par with GSTR 3B Jan 18 in which I had taken only tax effect and not on taxable value since the difference is only on rate of GST..

Can anyone explain the practicality on this matter...??

AI Summary

Credit note for GST rate correction requires output tax adjustment and B2B invoice amendment to align returns.
Issuing a credit note under Section 34 is required when tax charged exceeds tax payable; the credit note must contain prescribed particulars and be declared in the return for the month of issue (or by the September deadline) so the tax liability is adjusted. For B2B supplies the supplier must amend the invoice details in GSTR 1 to reflect corrected taxable value and tax and reconcile that adjustment with the output tax reported in GSTR 3B, ensuring aggregate tax paid is at least the liability shown.