Post-sale discounts via financial credit notes and GST input tax credit reversal-when ITC stands, and valuation shifts
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GST – States
Input tax credit under the WBGST Act need not be reversed by a recipient where payment is reduced due to financial/commercial credit notes issued for secondary/post-sale discounts, because such credit notes do not reduce the original transaction value or the supplier's tax liability and therefore do not reduce tax charged. A manufacturer's post-sa
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