Correcting 712 Extract Errors

Summary

If a 7/12 extract was issued without including a Government Tax Liability and a purchase has been made, it is important to rectify the error by issuing a corrected extract. Inform both the buyer and seller about the correction and report the issue to your senior authority or relevant department. This ensures transparency and compliance with legal requirements.

Full Conversation

I am Talathi in Maharashtra and the */* extracts were issued manually (handwritten) by Talathi. I had issued a */* extract in which there was a Government Tax Liability amount which I had not mentioned. And after issuing the */* extract, there was Purchase made in that concern */* extract, Now what should I do?
Given that a purchase has already been made based on the */* extract you issued, it is crucial to address this matter promptly:
- Rectify the Error: Correct the */* extract to include the omitted Government Tax Liability.
- Notify the Buyer and Seller: Inform both parties involved in the transaction about the correction.
- Report to Senior Authority: Notify your senior authority or the relevant department about the error and the rectification.
Have you informed your senior authority about this issue yet?