Thanks Patrick & Yuhan,
I was already shrink the VHDX disk inside VM using DISK MGMT and it was showing the free space as unallocated. I have shutdown the VM and resized (shrink again) the disk from Hyper-V manager using VM disk edit settings. It was completed successfully, but still that actual size of the VM after shrink (800GB) was not reflected in file size when I checked in the file properties (1.8TB).
Also the shrink space of 1TB is not appearing/adding into my host server HDD space.
Thanks in advance if anyone provide me the solution.