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

GST on returned goods: B2B credit notes use original invoice rate; B2C reimburse received amount; resale taxed at prevailing rate If goods purchased earlier were taxed at the old rate but returned after the rate change, the general positions are: for B2B returns the supplier should issue a credit note reflecting the GST rate on the original invoice because the recipient likely claimed ITC at that rate; for B2C returns the credit note should reimburse the consideration actually received. If the return is handled as an independent resale by the buyer (buyer issues a fresh tax invoice on return delivery), the prevailing GST rate at the time of that supply would apply.