Credit note in case of supply fall under RCM

[milan bamal]

Dear team

I had issued a sale invoice under RCM,

also generated the e-invoice

but the taxable value was reported higher by mistake in GSTR-1 of April 26.

How can I reduce/correct it? Can a credit note be issued for supplies covered under Reverse Charge Mechanism (RCM)? Or anything else

AI Summary

Reverse charge credit notes permit correction of excess taxable value through GST amendments and linked e-invoicing compliance.
An inflated taxable value reported for a supply under reverse charge mechanism may be corrected through GSTR-1A if GSTR-3B has not been filed, or through amendment in a subsequent GSTR-1 if it has already been filed. A credit note may also be issued for an RCM supply where the original taxable value or tax charged exceeds the correct amount, since Section 34 of the CGST Act does not exclude RCM supplies. Where an e-invoice has been generated and the IRN cancellation window has expired, a linked credit note is the appropriate mechanism.