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
Menu
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
Recent Threads
- Hi i have some doubt about my microsoft exam?
- Period of holding of residential flat and its acqu
- ITRs for AY 2025-26 filed in September 2025 not pr
- Heard & Seen Around – Your Daily Economi
- Best NISM course for an Accountant
- Calculate IT on LTCG AND STCG for the FY 2025-26
- Heard and Seen Around - Your Daily Economic Quick
- Returning to India - Residency confusion
- About CMP-08
- RCM List on GST
Related Threads
CAclubindia
