Hello everyone,
Is there any process in SD whereby which we can issue out only the differential of taxes as a credit? We have landed up creating invoices for tax rates of 20% when it should have actually been 15%. Now, we need to issue the differential credit notes. e.g. if the base amount was @200 and the tax originally charged was 20% (=$40), and the real tax was 15% (=$30), now we have to create credit notes for the difference i.e. for $ 10. Obviously, we don't want to hit the base revenue of $200 which was correct. How can we achieve this with the limitation of not being able to change the tax rate in VK12 which is now set to 15% (the correct one). This happened only for a short period of about 5 business days but we have thousands of invoices created incorrectly because of this.
Thanks you.
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