Tax authority withdraws circular prescribing evidence procedure under Section 15(3)(b)(ii) CGST Act; suppliers no longer required to comply
Circulars
GST
The tax authority withdraws its prior circular dated 26 June 2024 that had prescribed a procedure for suppliers to provide evidence of compliance with Section 15(3)(b)(ii) of the CGST Act concerning reversal of input tax credit for discounts; the withdrawn procedure is no longer required. Field formations are directed to publicize the withdrawal via trade notices and to report any implementation difficulties to the authority.
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