https://www.taxtmi.com/forum/issue?id=114996 Trade discount, including cash and other commercial discounts, is excluded from GST transaction value where it is pre-agreed and linked to the invoice; post-supply discounts should be documented by credit note referencing the invoice and trigger reversal of input tax credit by the buyer. Debit notes recording additional amounts charged after invoicing are subject to GST, and failure to pass agreed discounts renders the supplier liable for GST, interest and penalty. en-us Wed, 22 May 2019 10:34:01 +0530 Thu, 23 Jan 2025 15:55:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114996 Trade discount, including cash and other commercial discounts, is excluded from GST transaction value where it is pre-agreed and linked to the invoice; post-supply discounts should be documented by credit note referencing the invoice and trigger reversal of input tax credit by the buyer. Debit notes recording additional amounts charged after invoicing are subject to GST, and failure to pass agreed discounts renders the supplier liable for GST, interest and penalty. Discussion-Forum GST Wed, 22 May 2019 10:34:01 +0530 https://www.taxtmi.com/forum/issue?id=114996