Purchased @18% gst, after Gst rate reduce to 5%

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MOHAMMED ASGAR Bhati (Querist)
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26 October 2017 i purchases Rs 500000 goods Plaatic waste @18% gst paid. from 6 th october 2017, gst rate on Plastic waste 5% , whether i have reverse 13% itc reversed ???? pls explain

Dr. ShamsheerKhan

Dr. ShamsheerKhan (Expert)
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26 October 2017 Applicability of 5%rate came into effect from 13th Oct 2017. If any dealer gave you the invoice @18% from 13th October then ask them to issue revised invoice as they have not followed the rate revision notification. THAT'S ALL.

MOHAMMED ASGAR Bhati

MOHAMMED ASGAR Bhati (Querist)
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26 October 2017 I purchased 18% , after 13 october rate of tax 5% , can i sale goods @5% gst. can i claim 13% itc.

Dr. ShamsheerKhan

Dr. ShamsheerKhan (Expert)
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26 October 2017 Your balance ITC will be adjusted against your future liablities.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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26 October 2017 If you invoice after 13 th October you have raise latest GST rate, you can adjust excess Tax Paid ITC against future liability.

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