https://www.taxtmi.com/highlights?id=61599 Levy of GST on issuance of credit note as “cash discount” - Since the amount received in the form of credit note is actually a discount and not a supply by the applicant to the supplier, no GST is leviable on receiver on cash discount/incentive/schemes offered by the supplier to applicant through credit note against supply without adjustment of GST. - AAR en-us Sat, 22 Jan 2022 14:44:07 +0530 Sat, 22 Jan 2022 14:44:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61599 Levy of GST on issuance of credit note as “cash discount” - Since the amount received in the form of credit note is actually a discount and not a supply by the applicant to the supplier, no GST is leviable on receiver on cash discount/incentive/schemes offered by the supplier to applicant through credit note against supply without adjustment of GST. - AAR Highlights GST Sat, 22 Jan 2022 14:44:07 +0530 https://www.taxtmi.com/highlights?id=61599