TaxTMI 
TaxTMI 
TaxTMI 
GST rate on credit notes post rate change
X X X X Extracts X X X X
X X X X Extracts X X X X
....ST rate on credit notes post rate change<br> Query (Issue) Started By: - BIJO SCARIA Dated:- 8-9-2025 Last Reply Date:- 14-9-2025 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>I sold goods before the GST rate change (say, on 20th September 2025, when the applicable tax rate was 28%). The customer returned the goods after the rate change (say, in October 2025, when the tax rate became 18%....
X X X X Extracts X X X X
X X X X Extracts X X X X
....). While issuing a credit note in October 2025, should I apply the old tax rate of 28% or the new rate of 18%? Reply By Sadanand Bulbule: The Reply: Section 34 of the CGST Act mandates to issue credit note for the original supply invoice. On return of goods by the customer, you have to issue him a credit note for tax at 28% charged in the original supply invoice. Because the return of goods is e....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ffectively a reversal of the original supply. GST law does not allow changing the rate retrospectively in credit notes. Reply By Shilpi Jain: The Reply: What is your desired result? Customer is registered or unregistered. If registered you can also consider whether you would want customer to return or show it as a sale to you. Reply By BIJO SCARIA: The Reply: unregistered Reply By K.lakshmi....
X X X X Extracts X X X X
X X X X Extracts X X X X
....pati rao: The Reply: Dear experts, On return of goods by the B2B customer, if a credit note for tax at 28% charged in the original supply invoice is issued in the month of October 2025, what could be the impact in GSTR-1 & GSTR-3B monthly Return, since there would No B2B turnover at 28% in the month of October 2025. Please suggest. <br> Discussion Forum - Knowledge Sharing ....