TaxTMI 
TaxTMI 
Hi
The product that I sell falls under 12% with the rate revision it will be 5% after 22nd Sept. At what rate should I bill my customer for the exisring stock in hand happening after 22nd Sept.
Please clarify
GST rate change from 12% to 5%. What should be done post 22nd Sept
07 Sep 2025 
6 Replies 
14237 Views Asked by
GST rate reduction requires billing at the new lower rate on post-change supplies and permits using pre-change input tax credit.
Supplies invoiced after the statutory GST rate change must be billed at the new lower rate on the date of invoicing, while input tax credit attributable to earlier higher-rate purchases remains available to offset current GST liabilities; excess unutilised credit may be claimed as a refund, subject to potential administrative inconsistency and litigation risk. (AI Summary)
Supplies invoiced after the statutory GST rate change must be billed at the new lower rate on the date of invoicing, while input tax credit attributable to earlier higher-rate purchases remains available to offset current GST liabilities; excess unutilised credit may be claimed as a refund, subject to potential administrative inconsistency and litigation risk. (AI Summary)