Dear all,
One of my item rate is before 27-07-18 28% & now it is 18%. I have purchased these item before 27-07-18 @ 28% which are lying in stock. Now I have to sale it . At what rate I should make invoice 18% or 28%
6 Replies
Lokesh
(audit and article assistant)
(49 Points)
Replied 30 July 2018
As new rate on these items are effective from 27th July , now invoice need to be raised on new rates irrespective of whether you have purchased on 28% or 18%.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 30 July 2018
You ll charge new rate of GST @ 18%.
Shivam RC
(Student)
(23683 Points)
Replied 30 July 2018
With effect from 27/07/2018, you have to charge the Revised GST Rate @ 18% in your invoice...
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