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I. Create an Output VAT Transaction with the Decrease transaction adjustment type to roll back the taxable and tax amounts of the incorrect original Invoice. Also, generate a Tax Credit Note.

II.  Create an Output VAT Transaction with the Increase transaction adjustment type to restore the correct taxable and tax amounts in the database.

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1. Click Create to create a new Output VAT Transaction.
2. In the Company box, select the customer.
3. In the Transaction Type field, select Invoice.
4. In the Adjustment Type field, select Increase.
5. Select the Generate GL Transactions check box.
6. Make sure that the Prices Do Not Include VAT option is selected.
7. Select the original document, Invoice, as a basis.Image RemovedImage Added
8. On the Inventory and Services tab, click Add to append a new line.
9. Add the items for which correction is needed.
10. Make sure that the taxable amount is correct and the applied VAT rate is now 0% (or exempt).
11. Click Post to register the document in the system.

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