https://www.taxtmi.com/forum/issue?id=116235 A distributor incentive converted into a monetary credit note is a post supply discount: if the discount was disclosed in the invoice at or before supply (excluded from taxable value) no input tax credit reversal is required; if the discount is determined after supply, the recipient must reverse the proportionate input tax credit. Suppliers may issue commercial credit notes, but discounts must be linked to invoices and tax positions adjusted consistently. en-us Sat, 25 Apr 2020 19:57:55 +0530 Thu, 23 Jan 2025 15:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116235 A distributor incentive converted into a monetary credit note is a post supply discount: if the discount was disclosed in the invoice at or before supply (excluded from taxable value) no input tax credit reversal is required; if the discount is determined after supply, the recipient must reverse the proportionate input tax credit. Suppliers may issue commercial credit notes, but discounts must be linked to invoices and tax positions adjusted consistently. Discussion-Forum GST Sat, 25 Apr 2020 19:57:55 +0530 https://www.taxtmi.com/forum/issue?id=116235