sales return where sales made and goods return after change in rate of tax

Rate / HSN codes 2014 views 4 replies
hii

please tell what are implications in case of sales return where sales made and goods return after change in rate of tax.

we have sold goods on 25.10.2017 @ rate 24%. these goods are return by customer on 20.11.2017 when rate of tax is change to 18%. At what rate we should issue credit note to customer 18% or 28%. tax rates are chnged by earlier GST council meeting.
Replies (4)

Rate @ 28%...

"Sales Return / Credit Note" and "Purchase Return / Debit Note" are usually given for returned/REVERSED the transactions.

So, You/We ll return the supplies against the Tax Invoice. We ll be credit the same Tax Rates....

sir whether any legal provision for your answer under CGST or IGST act?

https://pakaccountants.com/what-is-credit-note-and-when-is-it-used/

ok sir


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