Mangalam Agencies issued an invoice charging CGST ₹ 9,000 and SGST ₹ 9,000. Subsequently, it discovered that the applicable rate was lower and…

CA Intermediate · Taxation · MTP · September 2026
Mangalam Agencies issued an invoice charging CGST ₹ 9,000 and SGST ₹ 9,000. Subsequently, it discovered that the applicable rate was lower and correct tax should be CGST ₹ 7,500 and SGST ₹ 7,500. Mangalam Agencies should issue ______ for excess tax charged.
(A) (a) Debit note
(B) (b) Revised tax invoice
(C) (c) Credit note
(D) (d) Refund voucher

Suggested Answer and Working Notes:

Correct Answer: Option (C)

(c) Credit note

Topics: Paper 3B: Goods and Services Tax

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