Credit Note issue where goods sold before change in GST rate of tax  and goods return after change in GST rate of tax .

[ANAND SHARMA]

Dear Expert

Please guide us what are implications in case of sales return where sales made before change in GST rate of tax and goods return after change in GST rate of tax .

We have sold goods on 05.06.2018 @ rate 28%. these goods are return by a registered buyer on 30.10.2018 when rate of tax is changed to 18%. At what rate we should issue credit note to buyer i.e 18% or 28%. you are requested to pls provide relevant section/Notification under CGST act.Thanks in advance

With Regards

AI Summary

Clarification on GST Credit Note Issuance for Returned Goods After Rate Change: Original Rate or New Rate? A query was raised regarding the issuance of a credit note for goods sold before a change in the GST rate and returned after the rate change. Goods sold on June 5, 2018, at a 28% GST rate were returned on October 30, 2018, when the rate had decreased to 18%. The question was whether to issue the credit note at the original rate of 28% or the new rate of 18%. The response indicated that the GST Network might show an error for invoices older than 18 months and suggested that the customer raise an invoice when returning goods.