XYZ paid differential GST of 7% i.e., initially they paid 5% but as per GST authorities it was payable 12%. The differential GST paid was recovered from the customers by issuing debit note but the debit note was issued only for differential tax amount without any value. Is this the correct method? If no, what should have been the correct method?
Kaustubh Karandikar Asked question February 12, 2021