TaxTMI 
TaxTMI 
POST GST - ON SALES RETURN GOODS WHAT WILL BE GST CHARGE OLD GST OR NEW GST
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....OST GST - ON SALES RETURN GOODS WHAT WILL BE GST CHARGE OLD GST OR NEW GST <br> Query (Issue) Started By: - Rajnikant Patel Dated:- 18-9-2025 Goods and Services Tax - GST <br> Got 5 Replies <br> GST<br> <br> 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 I....
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....S SALES RETURN THAN WHILE MAKING CREDIT NOTE WHAT GST WILL BE REIMBUSED 12% OR 5%? --Reply By: KASTURI SETHI The Reply: 12 %. Whatever you have charged, that very amount of tax has to be paid back. It is a SALE-RETURN and NOT sale. --- Sub-Reply By: Rajnikant Patel The Sub-Reply: THANKS SIR FOR GIVING CLARITY --Reply By: K.lakshmipati rao The Reply: Q. POST GST - ON SALES....
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.... RETURN GOODS WHAT WILL BE GST CHARGE OLD GST OR NEW GST. Ans. (i) In my opinion, if the said transaction of original supply of Goods was B2B, then, Credit Note towards the present rate of GST for the subject transaction would be applicable at the time of receipt of Return of Goods, since earlier ITC @ 12% would have already been claimed by the recipient as per GSTR-2B. (ii) In case of transa....
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....ction of original supply of Goods was B2C, then, Credit Note towards the consideration received for the subject value of goods be given. --Reply By: Shilpi Jain The Reply: In credit note, the GST rate should be the same as in oiginal invoice. --Reply By: K.lakshmipati rao The Reply: Dear Ms. Shilpi Jain- I agree your reply. This is situation (1) - Supplier shall issue CN towards Return of G....
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....oods with the same Rate of GST charged in the original supply Invoice. Situation (2) - If the Buyer of Goods will issue Tax Invoice [Instead of waiting for Supplier CN]- towards Return of Goods under E-Way Bill for the same consignment dispatched. Though this transaction is exclusively for Return of Goods, however, would deem to be independent Sale/Supply between Retailer and Original supplier. As....
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.... such, prevailing rate of GST [applicable after 22-09-2025] at the time of delivery of goods would be applicable, and not as charged in the Original Invoice. Request your confirmation please. <br>***<br> Discussion Forum - Knowledge Sharing....