Following are the mistakes noted in the tax invoices issued by Jaipure Ltd., during the month of March, 2023: (i) Due to wrong HSN code being chosen while preparing invoice, an actual tax liability of ₹75,000 was mention

(ii) State the note to be issued (Debit/Credit) with the amount: (a) Scenario (i) - Wrong HSN code leading to lower tax: The actual tax liability was ₹75,000, but only ₹35,000 was mentioned. This means tax was short-paid. Therefore, the supplier shall issue a Debit Note for the differential tax amount of ₹40,000 (₹75,000 - ₹35,000). (b) Scenario (ii) - Mistake in units leading to lower value: The value charged was ₹4,00,000 against the actual value of ₹5,20,000. This means the value and consequently the tax were short-charged. Therefore, the supplier shall issue a Debit Note with a value of ₹1,20,000 (₹5,20,000 - ₹4,00,000) along with the applicable tax on this differential value.