https://www.taxtmi.com/forum/issue?id=113685 Quantity discounts may be given by issuing a credit note if statutory conditions for post supply value adjustments are met; the discount must be known to the buyer at or before supply or be covered by a pre announced discount policy, and must be supported by invoice, agreement and books of account. Reversal of the corresponding input tax credit is required unless the recipient does not reverse its claimed credit, in which case the supplier may issue credit notes without reversing GST, subject to documented evidence and coordination. en-us Mon, 30 Apr 2018 23:44:23 +0530 Thu, 23 Jan 2025 15:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113685 Quantity discounts may be given by issuing a credit note if statutory conditions for post supply value adjustments are met; the discount must be known to the buyer at or before supply or be covered by a pre announced discount policy, and must be supported by invoice, agreement and books of account. Reversal of the corresponding input tax credit is required unless the recipient does not reverse its claimed credit, in which case the supplier may issue credit notes without reversing GST, subject to documented evidence and coordination. Discussion-Forum GST Mon, 30 Apr 2018 23:44:23 +0530 https://www.taxtmi.com/forum/issue?id=113685