Valuation U/s 15

[NARENDER YARRAGORLA]

We have received 15 coolers from our supplier for ₹ 1 each only on account of reached Target sales. Can my supplier can issue invoice for the lower amount?

AI Summary

GST Valuation Clarified: Supplier Can Invoice Discounted Coolers at Nominal Price Under Section 15. A query was raised regarding the valuation under Section 15 of the Goods and Services Tax (GST) concerning the receipt of 15 coolers from a supplier at a nominal price of 1 each due to achieving target sales. The question was whether the supplier could issue an invoice for this reduced amount. A respondent advised that the supplier could issue the invoice by reflecting the discount. The original inquirer thanked the respondent for the clarification.