Ayyo, that’s a tricky one! After books are closed, you need to make a rectification entry in the current year's accounts, and for GST, file an amended return if it affects your tax liability. I’ve seen many small shopkeepers panic, but the process is there for a reason.
Just last week, I helped my neighbor's kirana store correct a year-old mistake on a purchase invoice—his sigh of relief was chaala bagundi. These small corrections feel like helping a student who finally understands a tough sum.
#exams#study
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