https://www.taxtmi.com/caselaws?id=376907 The Authority for Advance Ruling determined that the Applicant can avail Input Tax Credit (ITC) only on the invoice value less the discounts as per the C2FO software, which represents the amount actually paid to the suppliers. Failure to pay the full value of supply along with tax within 180 days from the invoice date would require the Applicant to reverse the ITC availed to avoid adding it to their output tax liability. en-us Tue, 22 Jan 2019 00:00:00 +0530 Fri, 07 Mar 2025 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376907 The Authority for Advance Ruling determined that the Applicant can avail Input Tax Credit (ITC) only on the invoice value less the discounts as per the C2FO software, which represents the amount actually paid to the suppliers. Failure to pay the full value of supply along with tax within 180 days from the invoice date would require the Applicant to reverse the ITC availed to avoid adding it to their output tax liability. Case-Laws GST Tue, 22 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376907