TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Bihar clarifies post-sales discounts under GST: No obligations, not supply value; obligations, separate service transaction. Credit notes allowed.</h1> The Bihar Commercial Taxes Department issued a circular clarifying the treatment of secondary or post-sales discounts under the Bihar Goods and Services Tax Act, 2017. If a post-sale discount is given without further obligations for the dealer, it is not included in the supply value. However, if the discount requires the dealer to perform additional activities, it is considered a separate service transaction, subject to GST. Discounts offered to encourage lower prices for customers are added to the supply value. Dealers can issue financial or commercial credit notes for discounts not excluded from the supply value, without reversing input tax credit.
TaxTMI 
TaxTMI 
