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Sale in 18% and goods return at 12%

Krishna seva das (TAX CONSULTANT) (1070 Points)

05 April 2018

Sale in 18% and goods return at 12%

Goods sold in sept month when gst is 18%

and good returned in October when gst rate is 12%

how to issue debit note

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 05 April 2018

If it's Sales Return....?
If Yes... Then 18% tax will be applicable for the Credit / Debit note...

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 05 April 2018

My point of view is different
The rate pravelling at present is to be charged.

If suppose if supplier wrongly charge 28% GST instead of 18% in his tax invoice that doesn't mean that a recepient is eligible to avail ITC on 28% GST..

With due regard , Raja sir pls correct me iam wrong

1 Like

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 06 April 2018

Wrongly Charge and Actual Charge is different meaning and Different activities...

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 06 April 2018

ok fine sir Raja

but take eg of of goods return in GST regime , billed in vat regime . so in this case GST will attract on sale return , even though the bill was raise in vat regime
I think in any case the current law will be applicable
plz sir do not take it otherwise , it's healthy debate to reach at better conclusion

MURALI NADIMINTI (502 Points)
Replied 05 April 2018

Debit and credit notes should be issued with reference to original invoice only. what are taxes in original invoice the same tax rate is applicable for Dr/Cr. notes.