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of <h1>Tax authority: credit notes don't require input tax credit reversal; manufacturer discounts reduce dealer price unless direct customer agreement</h1> The tax authority clarifies that recipients need not reverse input tax credit where suppliers issue financial or commercial credit notes, since such notes do not alter the original transaction value or tax liability. Post-sale discounts from a manufacturer to a dealer generally reduce the dealer's sale price and are not consideration for inducement of the dealer's supply to end customers, except where the manufacturer has a direct agreement with the end customer-in which case the discount must be included in overall consideration. Discounts are not payment for promotional services unless specific services and consideration are contractually agreed, in which case GST applies.
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