6 months ago
GST Adjustment
Dear Customer Care,
After filing the GST for February 2024 with the IRD, we discovered an error in one of our invoices. This particular invoice, related to an asset, should have been without GST, but we mistakenly claimed GST for it. In March 2024, we attempted to rectify this by passing a journal entry (crediting the GST account and debiting the assets account). However, this transaction canceled out in our GST report, preventing us from refunding the incorrectly claimed GST amount to the IRD. Can you please advise on how to resolve this issue in March 2024?