https://www.taxtmi.com/forum/issue?id=118018 Whether GST is triggered by a post supply price reduction depends on whether the reduction adjusts the taxable value of supply and whether tax adjustments are claimed. Post supply discounts can be excluded from value only if agreed at or before supply and linked to invoices, and the recipient reverses ITC attributable to the discount. If the supplier reduces price without claiming GST refund, the recipient need not reverse ITC; if the supplier claims a GST refund for the differential, the recipient must proportionately reverse ITC. en-us Tue, 28 Jun 2022 16:26:55 +0530 Thu, 23 Jan 2025 15:54:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118018 Whether GST is triggered by a post supply price reduction depends on whether the reduction adjusts the taxable value of supply and whether tax adjustments are claimed. Post supply discounts can be excluded from value only if agreed at or before supply and linked to invoices, and the recipient reverses ITC attributable to the discount. If the supplier reduces price without claiming GST refund, the recipient need not reverse ITC; if the supplier claims a GST refund for the differential, the recipient must proportionately reverse ITC. Discussion-Forum GST Tue, 28 Jun 2022 16:26:55 +0530 https://www.taxtmi.com/forum/issue?id=118018