https://www.taxtmi.com/forum/issue?id=120665 A credit note reduces the value and tax of the original supply and therefore must mirror the tax rate applied in the original invoice; if the supplier charged 12% GST originally, the credit note should be issued at 12% despite a subsequent change to 5%, whereas a later bona fide fresh supply by the returner would attract the rate prevailing at that later time. en-us Fri, 19 Dec 2025 19:32:10 +0530 Sat, 20 Dec 2025 18:54:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120665 A credit note reduces the value and tax of the original supply and therefore must mirror the tax rate applied in the original invoice; if the supplier charged 12% GST originally, the credit note should be issued at 12% despite a subsequent change to 5%, whereas a later bona fide fresh supply by the returner would attract the rate prevailing at that later time. Discussion-Forum GST Fri, 19 Dec 2025 19:32:10 +0530 https://www.taxtmi.com/forum/issue?id=120665