https://www.taxtmi.com/forum/issue?id=113688 Issuance of credit notes under GST raises whether a manufacturer may reflect a pre-determined discount without reversing the originally discharged GST liability; practitioners differ-some require GST reversal on reduction of taxable value, while others permit non-reversal provided the recipient does not reverse the input tax credit, making the approach contingent on reciprocal tax adjustments by supplier and recipient. en-us Tue, 01 May 2018 18:44:09 +0530 Thu, 23 Jan 2025 15:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113688 Issuance of credit notes under GST raises whether a manufacturer may reflect a pre-determined discount without reversing the originally discharged GST liability; practitioners differ-some require GST reversal on reduction of taxable value, while others permit non-reversal provided the recipient does not reverse the input tax credit, making the approach contingent on reciprocal tax adjustments by supplier and recipient. Discussion-Forum GST Tue, 01 May 2018 18:44:09 +0530 https://www.taxtmi.com/forum/issue?id=113688