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 rate on sales returns: credit notes should match the original invoice rate, with limited exceptions.
Applicability of GST rate on returned goods: one position requires the supplier to refund the exact tax amount originally collected so the credit note mirrors the original invoice GST rate. Alternate views note that for B2B supplies the current rate may apply because the recipient already claimed input tax credit, while in B2C cases the credit should reflect the consideration. If the buyer issues a tax invoice for return, that invoice may attract the prevailing GST rate at issuance.