GST RATE RETROSPECTIVE RATE INCREASE
Query (Issue) Started By: – ANIL NAIR Dated:- 15-12-2017 Last Reply Date:- 15-12-2017 Goods and Services Tax – GST
Got 5 Replies
GST
Dear Sir,
\nWhat will be the GST % for Su.Invoice\/Debit Note issued against retrospective rate increase w.e.f 01.07.17 to 14.11.17 for the items whose GST % has been changed from 28 to 18%. (HSN 4016- vulcanized rubber parts)
\nThanks
\nReply By KASTURI SETHI:
\nThe Reply:
\nIt is not retrospective. It is prospective. No benefit is admissible for the past period. In case the Govt. intends to give benefit for the past period, it shall be mentioned specifically in the notification itself. If nothing is mentioned, the date of issuance of notification is effective date.\n<\/p>\n
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