Credit note mechanism expanded to cover discounts under the valuation framework in GST law. Section 34 of the Central Goods and Services Tax Act is amended to extend the credit note provision. The amendment adds cases where a discount referred to in clause (b) of sub-section (3) of section 15 is given, alongside the existing reference to supplies found to be deficient. It thereby aligns the credit note mechanism with discounts under the valuation framework.
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.
Credit note mechanism expanded to cover discounts under the valuation framework in GST law.
Section 34 of the Central Goods and Services Tax Act is amended to extend the credit note provision. The amendment adds cases where a discount referred to in clause (b) of sub-section (3) of section 15 is given, alongside the existing reference to supplies found to be deficient. It thereby aligns the credit note mechanism with discounts under the valuation framework.
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