A registered dealer purchases a leather at a rate of 12 percent gst on it. Now he returns the goods to a supplier afterwards. On that date the rate of gst on leather changes from 12 to 5 percent. Now my query is at what rate debit note should be issued to a supplier?
please reply ASAP
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At what rate invoice should be issued?
Replies (2)
prima facie it look like rate should be 12%.
but still provide detail for invoice , delivery and payment. whether all three done before change in rate ?
but still provide detail for invoice , delivery and payment. whether all three done before change in rate ?
Sir,
As per my understanding of law,
You should be reverse tax @ of 12% only. as per the concept of unjust enrichment.
there is no stright answer for this query.
thanks
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