https://www.taxtmi.com/forum/issue?id=118737 GST treatment depends on whether the franchisor's ledger credit for half the customer discount is a genuine price reduction affecting the taxable value of supply or a separate reimbursement; this turns on whether the discount was predetermined or post sale, the franchise agreement terms, documentary evidence of genuineness, and whether statutory conditions for issuing a GST credit note are satisfied, otherwise the parties may record the transaction via a commercial/financial credit note. en-us Tue, 05 Sep 2023 21:26:16 +0530 Thu, 23 Jan 2025 14:23:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118737 GST treatment depends on whether the franchisor's ledger credit for half the customer discount is a genuine price reduction affecting the taxable value of supply or a separate reimbursement; this turns on whether the discount was predetermined or post sale, the franchise agreement terms, documentary evidence of genuineness, and whether statutory conditions for issuing a GST credit note are satisfied, otherwise the parties may record the transaction via a commercial/financial credit note. Discussion-Forum GST Tue, 05 Sep 2023 21:26:16 +0530 https://www.taxtmi.com/forum/issue?id=118737