Tax authority adopts GST circular: post-sale discounts usually reduce price, not taxable consideration, so input tax credit needn't be reversed

Tax authority adopts GST circular: post-sale discounts usually reduce price, not taxable consideration, so input tax credit needn’t be reversedCircularsGST – StatesState tax authority adopts central GST Policy Wing circular to clarify treatment of seconda

Tax authority adopts GST circular: post-sale discounts usually reduce price, not taxable consideration, so input tax credit needn't be reversed
Circulars
GST – States
State tax authority adopts central GST Policy Wing circular to clarify treatment of secondary/post-sale discounts. Financial or commercial credit notes do not reduce the original transaction value, so recipients need not reverse input tax credit. Post-sale discounts from a manufacturer to a dealer are generally treated as

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