Question4:  

In respect of Slashed GST rates in our items from 28% to 18% that is effective from 15/11/17, we have already paid IGST on imported goods along with Custom duty at the time of filing of Bill of Entry. Now that stock wherein we have paid IGST @ 28% is still lying in our stores and GST rates are changed to 18%. Please let me know as to at what rate I will have to sell that stock - whether @ 28% or @ 18% (slashed rates). Because if w.e.f. from 15-11-17 I sell that stock @ 18% and I have already paid IGST @ 28% then how that difference of 10% be managed. Also let me know if there is any notification in respect of this.

Answer:

The rate of tax paid on inward supply of goods and services is not concerned with tax to be charged on out ward supply so you will charge GST @ 18% For the ITC remained unutilized after payment of tax you can file refund claim under Section 54 of the CSGT Act (Reply dt. 13/11/2017)