https://www.taxtmi.com/forum/issue?id=113214 GST classifies discounts as pre-supply or post-supply. Pre-supply discounts separately stated on the invoice reduce taxable value. Post-supply discounts reduce taxable value only if linked to the invoice, agreed before or at supply, and the recipient has reversed any input tax credit attributable to the discount. Suppliers must issue credit notes showing taxable value, tax rate and tax credited within the statutory timeframe; recipients cannot replace supplier credit notes with their own debit notes for adjusting GST liability. en-us Sat, 16 Dec 2017 12:16:12 +0530 Thu, 23 Jan 2025 15:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113214 GST classifies discounts as pre-supply or post-supply. Pre-supply discounts separately stated on the invoice reduce taxable value. Post-supply discounts reduce taxable value only if linked to the invoice, agreed before or at supply, and the recipient has reversed any input tax credit attributable to the discount. Suppliers must issue credit notes showing taxable value, tax rate and tax credited within the statutory timeframe; recipients cannot replace supplier credit notes with their own debit notes for adjusting GST liability. Discussion-Forum GST Sat, 16 Dec 2017 12:16:12 +0530 https://www.taxtmi.com/forum/issue?id=113214