{"id":74050,"date":"2025-10-14T13:28:18","date_gmt":"2025-10-14T07:58:18","guid":{"rendered":""},"modified":"2025-10-14T13:28:18","modified_gmt":"2025-10-14T07:58:18","slug":"tax-authority-adopts-gst-circular-post-sale-discounts-usually-reduce-price-not-taxable-consideration-so-input-tax-credit-needn-39-t-be-reversed","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=74050","title":{"rendered":"Tax authority adopts GST circular: post-sale discounts usually reduce price, not taxable consideration, so input tax credit needn&#39;t be reversed"},"content":{"rendered":"<p>Tax authority adopts GST circular: post-sale discounts usually reduce price, not taxable consideration, so input tax credit needn&#39;t be reversed<br \/>Circulars<br \/>GST &#8211; States<br \/>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 <\/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=93335\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax authority adopts GST circular: post-sale discounts usually reduce price, not taxable consideration, so input tax credit needn&#8217;t be reversedCircularsGST &#8211; StatesState tax authority adopts central GST Policy Wing circular to clarify treatment of seconda<\/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-74050","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/74050","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=74050"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/74050\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}