https://www.taxtmi.com/forum/issue?id=118714 Whether buyers must reverse input tax credit for post sale discounts turns on whether the discount qualifies to reduce taxable value under the prior agreement and linkage criterion. If it does, the supplier issues a tax credit note and the recipient must reverse proportionate ITC. If it does not, suppliers commonly issue financial/ commercial credit notes without GST effect and recipients generally retain the ITC originally claimed, provided there is no misuse or fraudulent invoice inflation. en-us Fri, 25 Aug 2023 11:50:46 +0530 Thu, 23 Jan 2025 14:23:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118714 Whether buyers must reverse input tax credit for post sale discounts turns on whether the discount qualifies to reduce taxable value under the prior agreement and linkage criterion. If it does, the supplier issues a tax credit note and the recipient must reverse proportionate ITC. If it does not, suppliers commonly issue financial/ commercial credit notes without GST effect and recipients generally retain the ITC originally claimed, provided there is no misuse or fraudulent invoice inflation. Discussion-Forum GST Fri, 25 Aug 2023 11:50:46 +0530 https://www.taxtmi.com/forum/issue?id=118714