Central Goods and Services Tax amendment adds post-supply discounts as a basis for issuing credit notes. Amendment adds post supply discounts referred to in clause (b) of sub section (3) of section 15 as an explicit ground in sub section (1) of section 34 for issuing credit notes, thereby aligning credit note issuance and taxable value adjustment with discounts given after supply.
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.
Central Goods and Services Tax amendment adds post-supply discounts as a basis for issuing credit notes.
Amendment adds post supply discounts referred to in clause (b) of sub section (3) of section 15 as an explicit ground in sub section (1) of section 34 for issuing credit notes, thereby aligning credit note issuance and taxable value adjustment with discounts given after supply.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.