{"id":74626,"date":"2025-12-20T15:38:17","date_gmt":"2025-12-20T10:08:17","guid":{"rendered":""},"modified":"2025-12-20T15:38:17","modified_gmt":"2025-12-20T10:08:17","slug":"post-sale-discounts-via-financial-credit-notes-and-gst-input-tax-credit-reversal-when-itc-stands-and-valuation-shifts","status":"publish","type":"post","link":"https:\/\/goodsandservicetax.in\/GST\/?p=74626","title":{"rendered":"Post-sale discounts via financial credit notes and GST input tax credit reversal-when ITC stands, and valuation shifts"},"content":{"rendered":"<p>Post-sale discounts via financial credit notes and GST input tax credit reversal-when ITC stands, and valuation shifts<br \/>Circulars<br \/>GST &#8211; States<br \/>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&#39;s tax liability and therefore do not reduce tax charged. A manufacturer&#39;s post-sa<\/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=95252\">Visit the Source <\/a><\/p>\n<p align=\"center\">=  =  =  =  =  =  =  =<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Post-sale discounts via financial credit notes and GST input tax credit reversal-when ITC stands, and valuation shiftsCircularsGST &#8211; StatesInput tax credit under the WBGST Act need not be reversed by a recipient where payment is reduced due to financial\/c<\/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-74626","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/74626","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=74626"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/74626\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=74626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=74626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=74626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}