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Supplementary Invoice for Differntial Tax Amount.

Mar 06 at 07:10 AM

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Former Member

Hello all,

I need to raise a supplementary Invoice to our debtors for settle the difference Tax amount.

As you know in garment sector Tax % will be 5% if SP below 1000/- and 12% if SP above 1000/-.

For ex.

There is an item which should be booked on 60% of MRP + tax on 60% of MRP.

MRP : 2000/-

Invoice should be booked on 1200+144(12% of 1200)=1344/-

but due to some reason it had been booked on 30%+ tax

Original Invoice value: 600+30=630/-

Again Supplementary Invoice value: 600+30=630/-

As you can see the SP(1200) is coming correctly but the Tax amount is not correct.

So please confirm the procedure

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1 Answer

Sridhar Madiraju Jun 22 at 07:14 AM
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Hi There,

I didn't observed any issue in posting 2 invoices as you mentioned

30% on 2000 = 600 (Taxable amount)

12% tax on 600 = 72. (Tax Amount)

So you did the same twice, implies amount taxable is 600+600 = 1200, Tax is 72+72 =144.

So what is the problem here?

Regards,

Sridhar Madiraju.

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