Post-supply discounts deductible from transaction value when pre-agreed, invoice-linked and input tax credit reversed. Where a post-supply discount is established by agreement known at or before the time of supply, is specifically linked to the relevant invoice, and the recipient has reversed the input tax credit attributable to that discount, the discount is permitted as an admissible deduction under Section 15 of the model GST law.
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Provisions expressly mentioned in the judgment/order text.
Post-supply discounts deductible from transaction value when pre-agreed, invoice-linked and input tax credit reversed.
Where a post-supply discount is established by agreement known at or before the time of supply, is specifically linked to the relevant invoice, and the recipient has reversed the input tax credit attributable to that discount, the discount is permitted as an admissible deduction under Section 15 of the model GST law.
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