Applicability of gst rate

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2017 Hello Sir/ Madam,

I am dealing in goods upon which GST rate before 15/11/2017 was 28% and after the date GST rate reduced to 18%.
So, after 15/11/2017 shall I issue invoice @ 18% or 28%.
I have received those goods before 15/11/2017. Invoice date is before 15/11/2017 and payment is also made before 15/11/2017.

Arun Kumar Singh

Arun Kumar Singh (Expert)

26 November 2017 before 15th of november the rate of duty will be applicable at the rate of 28% and after 15th 18%.

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2017 it means i can charge GST @ 18 % in sales invoice on stock which is bought before 15/11/2017 on which GST was 28 % before 15/11/2017.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

31 October 2026 The rate applicable on the date of supply governs (Sec 14), not the rate paid on purchase, so stock bought at 28% is sold at 18% after the cut and the excess ITC need not be reversed; the same principle applied to the 22 September 2025 rate rationalisation.

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