Purchase return with different tax rate

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Sr.ACCOUNTANT
261 Points Joined November 2011
we purchase an item with 28℅ tax rate and return the item (tax rate changed to 18℅) what is the tax rate application for the Credit note?
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On 01 November 2019 at 11:24 Report
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Tax Consultant
1024 Points Joined February 2018
18% 5ax will be applicable
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On 01 November 2019 at 12:12
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"Do the Right Thing...!!!"
128116 Points Joined January 2015
28% tax applicable as per purchase invoice...
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On 01 November 2019 at 15:16
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GST Practitioner
55062 Points Joined June 2017
As per Section 14 of CGST you are liable to charge 18% GST , the current prevailing rate
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On 03 November 2019 at 01:33
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7059 Points Joined January 2017
The current prevailing rate of tax is 18% as per Section 14 of CGST Act
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On 03 November 2019 at 17:01
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"Do the Right Thing...!!!"
128116 Points Joined January 2015
No...

28% tax rate applicable based on Original Invoice Rate...
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On 03 November 2019 at 17:09


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