https://www.taxtmi.com/forum/issue?id=111411 GST treatment of finished goods held with consignment agents or branches is unclear in the Model law, creating potential double taxation unless transitional rules clarify whether prior input tax credits must be reversed or IGST becomes payable. Post invoice discounts should be agreed and shown on the invoice to exclude them from the taxable sale price; a pre announced discount policy and consistent invoicing are required to determine transaction value. en-us Tue, 24 Jan 2017 11:59:55 +0530 Thu, 23 Jan 2025 15:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111411 GST treatment of finished goods held with consignment agents or branches is unclear in the Model law, creating potential double taxation unless transitional rules clarify whether prior input tax credits must be reversed or IGST becomes payable. Post invoice discounts should be agreed and shown on the invoice to exclude them from the taxable sale price; a pre announced discount policy and consistent invoicing are required to determine transaction value. Discussion-Forum GST Tue, 24 Jan 2017 11:59:55 +0530 https://www.taxtmi.com/forum/issue?id=111411