Post-supply discounts require supplier credit notes and recipient reversal of attributable input tax credit for GST treatment. Post-supply discount treatment under section 15(3)(b) requires the supplier to issue a credit note and the recipient to reverse input tax credit ... Summary
Post-supply discounts require supplier credit notes and recipient reversal of attributable input tax credit for GST treatment.
Post-supply discount treatment under section 15(3)(b) requires the supplier to issue a credit note and the recipient to reverse input tax credit attributable to the discount. The credit note and reversal must be made in accordance with section 34, and both conditions apply cumulatively. The substituted provision takes effect from 1 November 2026.
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