11 November 2017
Govt has revised rate of GST from 28% to 18% & from 18% to 12% Now we have purchased from suppliers at 28% earlier with the effect we have to give at 18% or 12%. who will bear the difference ?
11 November 2017
Firstly, please wait for the relevant notification to be issued. The revised rates will be applicable from the date of notification only. However, if your supplier agrees, ask him to give you a revised bill after the rate changes are implemented. Revised invoice should depict revised rate and revised date. Otherwise, you will have to pay as per original invoice.
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