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All QuestionsCategory: GST ConsultancyGST rate change implication on sale return
Profile photo of Nazuk JainNazuk Jain asked 3 months ago

GST rate change implication on sale return

Hello,
I have the following query:
I made a sale @ 28% GST and post the sale, the GST rates slashed to 18%. Now, I want to make a credit note relating to this sale. At what rate should I reverse the GST in my credit note? 18% or 28%?
Also, what is the relevant section in this matter.
Respose awaited.

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1 Answers
Profile photo of GauravGaurav answered 2 months ago

As you are issuing Credit Note on current date and now the effective GST rate is 18% so you should issue a credit note by at 18%