https://www.taxtmi.com/acts?id=28134 Transitional provisions specify that returned goods sold within six months before the appointed day and returned within six months after it may yield refunds under the existing law; registered person returns are treated as supplies. Pre appointed contracts with post appointed price changes require supplementary invoices/debit notes or credit notes, with credit usable only if recipients reduce their ITC. Proceedings, refunds and recoveries under prior law are to be concluded under that law; amounts refunded thereunder are paid in cash, while rejected or recovered sums are not admissible as ITC under this Act. VAT and service tax paid pre transition may be credited for post appointed supplies as prescribed. en-us Tue, 27 Jun 2017 16:00:27 +0530 Thu, 06 Jul 2017 18:15:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=28134 Transitional provisions specify that returned goods sold within six months before the appointed day and returned within six months after it may yield refunds under the existing law; registered person returns are treated as supplies. Pre appointed contracts with post appointed price changes require supplementary invoices/debit notes or credit notes, with credit usable only if recipients reduce their ITC. Proceedings, refunds and recoveries under prior law are to be concluded under that law; amounts refunded thereunder are paid in cash, while rejected or recovered sums are not admissible as ITC under this Act. VAT and service tax paid pre transition may be credited for post appointed supplies as prescribed. Act-Rules GST - States Tue, 27 Jun 2017 16:00:27 +0530 https://www.taxtmi.com/acts?id=28134