Dbt /Cdt Note after 18/07/22

Dear Experts,
Please suggest.
An Invoice was raised on or before 17/07/22 @ 5% for Finished Leather.
(After 18/07/22 it is 12%)

How much " %age " has to be charged if we raise a Credit Note after 18/07/22 ( 5% or 12% ).

Your suggestions help a lot.
Thanks & Regards
Eajaz
Replies (3)
Quick Summary
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.

5% as per invoice

In my opinion you write mail to CBIC  at -:

cbicmitra.helpdesk @ icegate.gov.in

As per original invoice

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