3 years ago
Do I need to make GST adjustment after issue an credit note for previous invoice?
Our GST is on a payment basis.
We have filed GST for September, but recently in November, we realized that we had issued the invoice to the wrong customer name. And we issued the credit note back to the wrong account in November and applied it. At the same time, we issue the new invoice under the correct name. Now, this invoice is still waiting for payment. The GST amount is $57 New Zealand Dollars.
So my question is:
Do we need to make any adjustments to IRD for the GST period September which has been filed? And How? Can we make this adjustment in the December period as we are filling every two months? Also if we receive the payment in November, should we recognise this GST on total sales and income in GST101A?