Dbt /Cdt Note after 18/07/22

This discussion addresses a query regarding the correct VAT/GST rate to apply when issuing a credit note after 18/07/22 for an invoice originally raised before that date at a 5% rate. The new rate applicable after 18/07/22 is 12%. Participants are seeking clarification on whether to use the original invoice rate (5%) or the prevailing rate at the time of the credit note (12%). One suggestion is to charge 5% as per the original invoice, while another recommends contacting CBIC for official guidance.