Withdrawal of circular ends prescribed procedure for evidence of compliance with Section 15(3)(b)(ii), prompting trade notices. The Board has withdrawn Circular No. 212/6/2024-GST, rescinding the previously prescribed procedure for providing evidence of compliance with Section 15(3)(b)(ii) regarding reversal of input tax credit for discounts; trade notices should be issued to publicize the withdrawal and any implementation difficulties reported to the Board.
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Provisions expressly mentioned in the judgment/order text.
Withdrawal of circular ends prescribed procedure for evidence of compliance with Section 15(3)(b)(ii), prompting trade notices.
The Board has withdrawn Circular No. 212/6/2024-GST, rescinding the previously prescribed procedure for providing evidence of compliance with Section 15(3)(b)(ii) regarding reversal of input tax credit for discounts; trade notices should be issued to publicize the withdrawal and any implementation difficulties reported to the Board.
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