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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Central Goods and Services Tax amendment adds discount under valuation rules, clarifying when adjustments apply to supplies.</h1> Section 34 is amended to insert treatment of discounts into the adjustment rule for deficient supplies by adding the phrase covering discounts referred to in clause (b) of sub-section (3) of section 15. The change treats specified post-transaction discounts as a ground for value adjustment under the existing mechanism for deficient supplies, thereby bringing such discounts within the scope of assessment or correction of taxable value. The operative effect is that valuation adjustments and related tax consequences may be triggered where the specified discounts apply, aligning valuation practice with the discount provision.
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