Dear Expert,
Our client have purchased material from reilance industries ltd, as a post sale , if our client paid the amount within due , they issued financial credit notes with out effecting the gst on such credit notices.
my query was whether such credit notes issued by reilance industries is taxable under gst
Regards,
Siva KUmar
Are Financial Credit Notes for Post-Sale Discounts Taxable Under GST? Experts Say No GST Liability Exists. A discussion on a forum addressed the issue of whether financial credit notes issued by a company, in this case, Reliance Industries, are taxable under GST when provided as a post-sale discount for timely payments. Two experts responded, stating that there is no GST liability on such credit notes since they do not involve a supply of goods or services. The original inquirer thanked the respondents and requested information on any relevant court decisions or case laws regarding financial credit notes. (AI Summary)
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