Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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>Rajasthan Tax Update: Suppliers Must Obtain CA Certificate for Discounts u/s 15(3)(b)(ii) RGST Act, 2017.</h1> The circular from the Rajasthan Commercial Taxes Department addresses the mechanism for suppliers to provide evidence of compliance with section 15(3)(b)(ii) of the RGST Act, 2017, concerning discounts given through tax credit notes. It clarifies that such discounts can be excluded from taxable value only if the recipient reverses the input-tax credit attributable to the discount. Currently, there is no portal functionality to verify this compliance. Until such a system is available, suppliers should obtain a certificate from a Chartered Accountant or Cost Accountant, or an undertaking from the recipient, confirming the reversal of input-tax credit. This documentation will serve as evidence during tax proceedings.
TaxTMI 
TaxTMI 
