https://www.taxtmi.com/forum/issue?id=113473 Post sale trade discounts can reduce taxable value if they are established by a pre supply agreement, linked to specific invoices, and the recipient reverses the input tax credit attributable to the discount; in such cases the credit note should carry the GST rate applicable to the underlying product and supplier output liability is adjusted on issuance of the credit note, with procedural guidance under the provisions enabling credit notes and adjustment of output liability. en-us Mon, 12 Mar 2018 09:56:53 +0530 Thu, 23 Jan 2025 15:55:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113473 Post sale trade discounts can reduce taxable value if they are established by a pre supply agreement, linked to specific invoices, and the recipient reverses the input tax credit attributable to the discount; in such cases the credit note should carry the GST rate applicable to the underlying product and supplier output liability is adjusted on issuance of the credit note, with procedural guidance under the provisions enabling credit notes and adjustment of output liability. Discussion-Forum GST Mon, 12 Mar 2018 09:56:53 +0530 https://www.taxtmi.com/forum/issue?id=113473