https://www.taxtmi.com/caselaws?id=387308 The Authority for Advance Ruling held that volume discounts received by a private limited company on purchases and retail sales in the form of credit notes without GST adjustments are not subject to GST. These discounts, considered incentives from the authorized supplier, do not affect sale prices or GST calculations. The company is not required to issue taxable invoices for these discount transactions as the credit notes serve for account adjustments and do not impact GST implications. en-us Tue, 24 Sep 2019 00:00:00 +0530 Sat, 18 Jan 2020 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387308 The Authority for Advance Ruling held that volume discounts received by a private limited company on purchases and retail sales in the form of credit notes without GST adjustments are not subject to GST. These discounts, considered incentives from the authorized supplier, do not affect sale prices or GST calculations. The company is not required to issue taxable invoices for these discount transactions as the credit notes serve for account adjustments and do not impact GST implications. Case-Laws GST Tue, 24 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387308