Gst 21st meeting effective rate

Rate / HSN codes 216 views 6 replies
what is the effective rate of gst rate change on 9.sept.2017 ..and is bill issued in august 2017 can be revised according to change rate..
Replies (6)

refer below link for gst rate recommended by council . these rates are not applicable from retrospective effect. and it has no impact for aug month . 

2. u shouldn't revise bill issued in august month.bcoz these rates recommended by council on 9th sep . it is applicable from the date when official notification released in cbec portal..

for ex. in 20th gst council held on 5th aug they reduced job work charges, govt work contract  but they have released relevant notification on 22nd aug..so reduced rate applicable from 22nd aug ,, not from 5th aug

https://aagst.com/2017/09/12/list-of-goods-for-change-in-gst-rate-recommended-by-gst-council-in-its-21-st-meeting/

thanku so much sir
section 14 apply
if previous rate is 28% and now rate 12%, then buyer is eligible to take input credit of 28% which buyer pay to seller even if subsequently rete reduced to 12%

yes, if buyer suffered 28% tax .. he is eligible to take credit @ 28% ,, not 12%

thanku sir


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