https://www.taxtmi.com/forum/issue?id=116183 GST on cash discounts via credit notes is permissible to reduce supplier taxable value only if the discount and its parameters were disclosed to the recipient at or before supply and the credit note is linked to the original invoice; absent such pre-supply documentation, post-supply open-ended discounts cannot reduce taxable value. Where allowed, the recipient must reverse any related input tax credit, and practical measures (recipient confirmation, account statements) are advisable given current matching limitations. en-us Sat, 04 Apr 2020 17:02:50 +0530 Thu, 23 Jan 2025 15:54:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116183 GST on cash discounts via credit notes is permissible to reduce supplier taxable value only if the discount and its parameters were disclosed to the recipient at or before supply and the credit note is linked to the original invoice; absent such pre-supply documentation, post-supply open-ended discounts cannot reduce taxable value. Where allowed, the recipient must reverse any related input tax credit, and practical measures (recipient confirmation, account statements) are advisable given current matching limitations. Discussion-Forum GST Sat, 04 Apr 2020 17:02:50 +0530 https://www.taxtmi.com/forum/issue?id=116183