https://www.taxtmi.com/article/detailed?id=7924 Credit and debit notes adjust taxable value and tax on prior invoices and must be recorded in GSTR-1 with exact reference to original invoices. Pre-supply discounts stated on the invoice reduce taxable value; post-supply discounts reduce supplier output tax only if the discount is pre-agreed, linked to specified invoices, and the recipient reverses the attributable input tax credit. Incentives and commissions are distinct from discounts and, when they constitute consideration for services, should be invoiced and subjected to GST. en-us Mon, 19 Mar 2018 12:56:45 +0530 Mon, 19 Mar 2018 12:56:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7924 Credit and debit notes adjust taxable value and tax on prior invoices and must be recorded in GSTR-1 with exact reference to original invoices. Pre-supply discounts stated on the invoice reduce taxable value; post-supply discounts reduce supplier output tax only if the discount is pre-agreed, linked to specified invoices, and the recipient reverses the attributable input tax credit. Incentives and commissions are distinct from discounts and, when they constitute consideration for services, should be invoiced and subjected to GST. Articles Goods and Services Tax - GST Mon, 19 Mar 2018 12:56:45 +0530 https://www.taxtmi.com/article/detailed?id=7924