Sales Return Conundrum

The 56th GST Council’s historic rate rationalisation kicks in from 22 Sept 2025. The Ministry of Consumer Affairs has eased compliance by relaxing price sticker rules for unsold stock. The larger question is also how should returns be treated when tax rates has changed J the App by JustIDT analyses the issue in balancing Section 34 (credit notes) with Section 14 (rate change) — a conundrum every business must navigate.