https://www.taxtmi.com/forum/issue?id=119112 Commercial credit notes given as performance or target incentives are not automatically taxable as post supply discounts; taxability depends on whether they alter the transaction value or arise from subsidy/discount terms. The onus is on the person claiming non taxability to prove outward tax liability was not reduced, using books of account, documentary evidence (including purchase orders or pre sale terms), and persuasive rulings or circular guidance. Practical measures include evidencing absence of discount terms, accounting entries showing no change in consideration, issuing tax invoices if recipient can claim input credit, and litigating audit assessments with targeted evidence. en-us Tue, 14 May 2024 18:30:39 +0530 Fri, 24 Jan 2025 10:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119112 Commercial credit notes given as performance or target incentives are not automatically taxable as post supply discounts; taxability depends on whether they alter the transaction value or arise from subsidy/discount terms. The onus is on the person claiming non taxability to prove outward tax liability was not reduced, using books of account, documentary evidence (including purchase orders or pre sale terms), and persuasive rulings or circular guidance. Practical measures include evidencing absence of discount terms, accounting entries showing no change in consideration, issuing tax invoices if recipient can claim input credit, and litigating audit assessments with targeted evidence. Discussion-Forum GST Tue, 14 May 2024 18:30:39 +0530 https://www.taxtmi.com/forum/issue?id=119112