https://www.taxtmi.com/forum/issue?id=115701 Whether commercial credit notes issued as incentives attract GST depends on their character and compliance with section 15(3). Discounts excluded from taxable value are those recorded in the invoice at or before supply or post-supply discounts established by agreement linked to invoices where the recipient reverses input tax credit. Incentives for purchase targets may not be outward supplies, while incentives linked to sales may be taxable. Proper documentation and ITC reversal convert post-sale incentives into sales value adjustments rather than income. en-us Sat, 23 Nov 2019 12:28:57 +0530 Thu, 23 Jan 2025 15:54:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115701 Whether commercial credit notes issued as incentives attract GST depends on their character and compliance with section 15(3). Discounts excluded from taxable value are those recorded in the invoice at or before supply or post-supply discounts established by agreement linked to invoices where the recipient reverses input tax credit. Incentives for purchase targets may not be outward supplies, while incentives linked to sales may be taxable. Proper documentation and ITC reversal convert post-sale incentives into sales value adjustments rather than income. Discussion-Forum GST Sat, 23 Nov 2019 12:28:57 +0530 https://www.taxtmi.com/forum/issue?id=115701