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Rate reduction under gst

This query is : Resolved 
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(Querist)
09 April 2018 Dear Sir,

There is one case where price of our parts get reduced , we want to issue credit note for the same to customer.

Kindly guide me whether we have to charge GST on this credit note.

Vise versa what should we do in case of increase of rate as well?
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CA Suresh Jain

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CA Suresh Jain (Expert)
09 April 2018 The credit note should be issued with GST applicable. The GST on credit note is to be reduced from your liability for the month in which credit note is issued.
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RAJA P M

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RAJA P M (Expert)
09 April 2018 Yes... GSt applicable for the Credit note if it's Rate reduced or Increased
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