POST GST - ON SALES RETURN GOODS WHAT WILL BE GST CHARGE OLD GST OR NEW GST

[Rajnikant Patel]

POST GST - ON SALES RETURN GOODS WHAT WILL BE GST CHARGE OLD GST OR NEW GST

EX. : GOODS PURCHASED BEFORE 22ND SEPT25 AT 12% BUT AFTER 22ND SEPT25 SEPT25 GST WILL BE 5%.

IN SUCH CASE IF THERE IS SALES RETURN THAN WHILE MAKING CREDIT NOTE WHAT GST WILL BE REIMBUSED 12% OR 5%?

AI Summary

Supplier must refund GST charged on original sale at original 12% on credit note under GST Section 34 Question concerns which GST rate applies on a sales return when goods were originally sold before a rate change: purchased/sold at 12% before the change, rate reduced to 5% afterward. The advised response states that on issuing a credit note for a sale-return the supplier must reimburse the exact tax amount originally charged-i.e., the original 12%-because a sale-return reverses the original supply and does not attract the new, lower rate.