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of <h1>Section 15(3) CGST: When discounts, freebies and incentives are excluded from taxable value under GST rules</h1> Section 15(3) CGST excludes discounts from taxable value if given before/at supply and invoiced, or if post-supply discounts are pre-agreed, linked to invoices and the recipient reverses attributable ITC. Free samples/gifts without consideration are generally not supplies; 'buy one get one' is treated as bundled supply. Staggered, volume and post-sale discounts require compliance with section 15(3) to be excluded; secondary/commercial credit notes not meeting those conditions remain part of taxable value. No-claim bonuses reduce invoice value if shown. Government incentives characterized as subsidies are not taxable. A mechanism exists to verify recipients' ITC reversals; rulings support non-levy where credit notes comply.
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