Pre-supply discounts excluded from taxable transaction value if part of normal trade practice and recorded on the invoice. Pre-supply discounts granted before or at the time of supply are not included in the transaction value provided the discount is allowed in the course of normal trade practice and is duly recorded in the invoice, thereby permitting the discount to reduce the taxable transaction value.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Pre-supply discounts excluded from taxable transaction value if part of normal trade practice and recorded on the invoice.
Pre-supply discounts granted before or at the time of supply are not included in the transaction value provided the discount is allowed in the course of normal trade practice and is duly recorded in the invoice, thereby permitting the discount to reduce the taxable transaction value.
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