https://www.taxtmi.com/acts?id=27692 Transition rules allow refund of tax paid under the existing law for goods returned by non-registered buyers within six months if identifiable; returns by registered buyers are deemed supplies. Post-appointed-day price revisions under pre-existing contracts require supplementary invoices/debit notes for upward revisions and allow credit notes for downward revisions, with credit effective only if the recipient reduces his input tax credit. Refunds and dispute proceedings initiated under the existing law are to be disposed under that law with refundable amounts paid in cash; recoverable or rejected amounts become non-admissible as input tax credit and may be recovered as arrears under the GST Act. en-us Mon, 26 Jun 2017 11:01:47 +0530 Thu, 27 Jul 2017 13:20:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=27692 Transition rules allow refund of tax paid under the existing law for goods returned by non-registered buyers within six months if identifiable; returns by registered buyers are deemed supplies. Post-appointed-day price revisions under pre-existing contracts require supplementary invoices/debit notes for upward revisions and allow credit notes for downward revisions, with credit effective only if the recipient reduces his input tax credit. Refunds and dispute proceedings initiated under the existing law are to be disposed under that law with refundable amounts paid in cash; recoverable or rejected amounts become non-admissible as input tax credit and may be recovered as arrears under the GST Act. Act-Rules GST - States Mon, 26 Jun 2017 11:01:47 +0530 https://www.taxtmi.com/acts?id=27692