Credit Note to be issued in Old tax rate or new tax rate

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....redit Note to be issued in Old tax rate or new tax rate<br> Query (Issue) Started By: - Venkatesh Dhongadi Dated:- 19-12-2025 Last Reply Date:- 20-12-2025 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>X Supplied 12% GST rate goods to Y before 22nd Sept 2025 at 100 plus GST&nbsp; which totals to Rs. 112. Now the same goods being returned by Y. Whether Credit note to be issued @ 12% or 5% ....

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....as there is change in rate of tax w.e.f. 22nd Sept. 2025. Reply By Ryan Vaz: The Reply: Applicable Law / Notifications * Section 34, CGST Act, 2017 - Credit notes for returned goods / excess tax charged * Section 9, CGST Act, 2017 - Levy and collection of GST * Section 14, CGST Act, 2017 - Change in rate of tax (time of supply rules) * CBIC Education Guide & FAQs (GST) - Credit no....

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....te mirrors original supply Short Practical Answer ?? Credit note must be issued at the original GST rate of 12%, not 5%. Reply By Shilpi Jain: The Reply: Credit note is for reducing the value of the original supply and the tax thereon. To be at old rate of 12%. If the customer returns it&nbsp; on a tax invoice it would be at 5% as a new supply! Reply By KALLESHAMURTHY MURTHY K.N.: The Reply:....

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.... Sir,&nbsp; I agree with the views of Shilpi Jain, Madam. The credit note must be issued for the original rate of tax charged in the invoice, change in the rate of tax applicable for new transactions. In the above case credit note is to be issued at a rate of tax 12%.&nbsp; Reply By KASTURI SETHI: The Reply: Credit note has to be issued @12%. i.e. at the rate of tax what was charged in the ori....

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....ginal invoice. RETURN of&nbsp; tax-paid goods cannot be&nbsp; &nbsp;treated as&nbsp; AFRESH supply. at all. Reply By Venkatesh Dhongadi: The Reply: Thank you sirs for your replies<br> Discussion Forum - Knowledge Sharing ....