https://www.taxtmi.com/article/detailed?id=13040 The circular requires procurement of a CA/CMA certificate from recipients to prove reversal of input tax credit for post sales discounts until portal verification exists; the certificate must include credit note and invoice details, ITC reversal amounts, documentary references to the reversal mechanism and a UDIN. For cases below the circular's monetary threshold, an undertaking from the recipient is permissible instead of a CA/CMA certificate. The High Court issued notice on the writ petition challenging this requirement and directed the revenue to address the issue during proceedings on discount valuation under GST. en-us Tue, 22 Oct 2024 11:50:25 +0530 Tue, 22 Oct 2024 11:50:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13040 The circular requires procurement of a CA/CMA certificate from recipients to prove reversal of input tax credit for post sales discounts until portal verification exists; the certificate must include credit note and invoice details, ITC reversal amounts, documentary references to the reversal mechanism and a UDIN. For cases below the circular's monetary threshold, an undertaking from the recipient is permissible instead of a CA/CMA certificate. The High Court issued notice on the writ petition challenging this requirement and directed the revenue to address the issue during proceedings on discount valuation under GST. Articles Goods and Services Tax - GST Tue, 22 Oct 2024 11:50:25 +0530 https://www.taxtmi.com/article/detailed?id=13040