https://www.taxtmi.com/article/detailed?id=11603 A post supply discount does not automatically reduce transaction value for GST unless the discount is established by an agreement at or before supply and specifically linked to relevant invoices; absent such linkage, issuance of financial or commercial credit notes does not require the recipient to reverse Input Tax Credit, provided there is no misuse and the supplier has not adjusted its output tax liability. en-us Fri, 14 Jul 2023 10:03:26 +0530 Fri, 14 Jul 2023 10:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11603 A post supply discount does not automatically reduce transaction value for GST unless the discount is established by an agreement at or before supply and specifically linked to relevant invoices; absent such linkage, issuance of financial or commercial credit notes does not require the recipient to reverse Input Tax Credit, provided there is no misuse and the supplier has not adjusted its output tax liability. Articles Goods and Services Tax - GST Fri, 14 Jul 2023 10:03:26 +0530 https://www.taxtmi.com/article/detailed?id=11603