https://www.taxtmi.com/caselaws?id=417436 The ruling determined that the applicant can avail Input Tax Credit (ITC) of the full GST charged on invoices without requiring a proportionate reversal for post-purchase cash discounts and incentives provided through credit notes without GST adjustment. It was clarified that GST is not leviable on such cash discounts and incentives/schemes offered through credit notes without GST adjustment, as they are considered discounts on the original supply and not separate supplies. The ruling remains valid unless declared void under the relevant provisions of the GST Act. en-us Thu, 06 Jan 2022 00:00:00 +0530 Sat, 29 Mar 2025 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417436 The ruling determined that the applicant can avail Input Tax Credit (ITC) of the full GST charged on invoices without requiring a proportionate reversal for post-purchase cash discounts and incentives provided through credit notes without GST adjustment. It was clarified that GST is not leviable on such cash discounts and incentives/schemes offered through credit notes without GST adjustment, as they are considered discounts on the original supply and not separate supplies. The ruling remains valid unless declared void under the relevant provisions of the GST Act. Case-Laws GST Thu, 06 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417436