I have purchased video monitor (HS Code 85282390) in October 2017 at 28% GST. With effective from 15th Nov GST rate reduced to 18%. Since I have an item in stock now can I invoice this item at the reduced 18% GST rate?

I have purchased video monitor (HS Code 85282390) in October 2017 at 28% GST. With effective from 15th Nov GST rate reduced to 18%. Since I have an item in stock now can I invoice this item at the reduced 18% GST rate?

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1 Answer(s)

Yes, it has to be sold at reduced tax rates 18%.

Answered on March 22, 2018.
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Gen GST