OFI: Query on Changes/Correction & Updation of GST Item Master
We have setup the GST item master as below.
> What is the best way to correct/change the GST item master created/setup wrongly/by mistake. Eg Wrong GST Item Classification, mistake in BCD or HSN
> What is the best way to update the GST item master due to changes in tax laws. Eg the item GST classification changed from 12% to 5% or BCD changed from 10% to 20% or changes in HSN code
- How we can perform mass correction/changes & updation
- What is the impact for the past transaction performed with older/wrong GST item master setup.
- Whether system will give retrospective effect or will impact only for newer transactions for the above.