{"id":73214,"date":"2025-09-15T18:11:21","date_gmt":"2025-09-15T12:41:21","guid":{"rendered":""},"modified":"2025-09-15T18:11:21","modified_gmt":"2025-09-15T12:41:21","slug":"gst-circular-post-sale-secondary-discounts-credit-notes-under-section-34-and-when-itc-reversal-is-not-required","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=73214","title":{"rendered":"GST circular: post-sale\/secondary discounts, credit notes under Section 34 and when ITC reversal is not required"},"content":{"rendered":"<p>GST circular: post-sale\/secondary discounts, credit notes under Section 34 and when ITC reversal is not required<br \/>Circulars<br \/>GST<br \/>Circular clarifies GST treatment of secondary\/post-sale discounts: when suppliers issue financial\/commercial credit notes that do not reduce the original transaction value, recipients need not reverse input tax credit as the supplier&#39;s tax liability remains unchanged. Post-sale discounts from a manufacturer to a dealer are generally viewed as price reductions be<\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n<p align=\"center\"><strong>Plain text (Extract) only<\/strong><BR>For full text:-<a href=\"https:\/\/www.taxtmi.com\/highlights?id=92539\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GST circular: post-sale\/secondary discounts, credit notes under Section 34 and when ITC reversal is not requiredCircularsGSTCircular clarifies GST treatment of secondary\/post-sale discounts: when suppliers issue financial\/commercial credit notes that do n<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-73214","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/73214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=73214"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/73214\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=73214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=73214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=73214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}