https://www.taxtmi.com/forum/issue?id=117137 Under Section 15(3)(b), a post supply discount can be excluded from transaction value only if it is established by an agreement entered at or before the time of supply, specifically linked to relevant invoices, and the recipient reverses input tax credit attributable to the discount; absent these conditions the discount cannot be deducted and GST is leviable, although some administrative guidance and an advance ruling have permitted financial credit notes without GST when discounts were not known prior to supply. en-us Mon, 05 Apr 2021 15:40:08 +0530 Thu, 23 Jan 2025 15:54:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117137 Under Section 15(3)(b), a post supply discount can be excluded from transaction value only if it is established by an agreement entered at or before the time of supply, specifically linked to relevant invoices, and the recipient reverses input tax credit attributable to the discount; absent these conditions the discount cannot be deducted and GST is leviable, although some administrative guidance and an advance ruling have permitted financial credit notes without GST when discounts were not known prior to supply. Discussion-Forum GST Mon, 05 Apr 2021 15:40:08 +0530 https://www.taxtmi.com/forum/issue?id=117137