https://www.taxtmi.com/article/detailed?id=9594 Manufacturer-to-dealer discounts and incentives operate as price concessions within principal-to-principal trading relationships, recorded by credit notes and accounted for as other operating income or discounts; they do not create a service provider-service recipient relationship or consideration attracting service tax. Under GST, discounts given on or before time of supply and recorded in the invoice (or agreed at that time and linkable to the invoice) are excluded from the transaction value, whereas post-supply discounts not agreed at or before supply are not deductible from transaction value. en-us Tue, 22 Dec 2020 14:17:18 +0530 Tue, 22 Dec 2020 14:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9594 Manufacturer-to-dealer discounts and incentives operate as price concessions within principal-to-principal trading relationships, recorded by credit notes and accounted for as other operating income or discounts; they do not create a service provider-service recipient relationship or consideration attracting service tax. Under GST, discounts given on or before time of supply and recorded in the invoice (or agreed at that time and linkable to the invoice) are excluded from the transaction value, whereas post-supply discounts not agreed at or before supply are not deductible from transaction value. Articles Goods and Services Tax - GST Tue, 22 Dec 2020 14:17:18 +0530 https://www.taxtmi.com/article/detailed?id=9594