What if the at the time of making the advance I taxed it at 18% but later on the goods sold were of the tax rate of 28%, how will it be adjusted?
Issue debit note for the difference between 18 % and 28 %.
Debit note of just the difference of tax amount ?
Section 14 of cgst act.
Sir, this is not the case of change in rate of tax. It is regarding uncertainty involved for goods that are to be provided in the future.
Yes of the difference in tax amount issue debit note as per section 34 (3).