https://www.taxtmi.com/forum/issue?id=114836 Cash discounts shown on the invoice and agreed between parties reduce taxable value and need not attract GST; if the supplier charged GST on full value despite an invoiced cash discount, the invoice disclosure and payment adjustment affect treatment. Post supply discounts not recorded on the original invoice and given by credit note or by adjustment against later supplies can require the recipient to reverse Input Tax Credit to the extent the discount reduces the taxable consideration, unless the reduction is properly documented. en-us Sat, 06 Apr 2019 12:45:44 +0530 Thu, 23 Jan 2025 15:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114836 Cash discounts shown on the invoice and agreed between parties reduce taxable value and need not attract GST; if the supplier charged GST on full value despite an invoiced cash discount, the invoice disclosure and payment adjustment affect treatment. Post supply discounts not recorded on the original invoice and given by credit note or by adjustment against later supplies can require the recipient to reverse Input Tax Credit to the extent the discount reduces the taxable consideration, unless the reduction is properly documented. Discussion-Forum GST Sat, 06 Apr 2019 12:45:44 +0530 https://www.taxtmi.com/forum/issue?id=114836