https://www.taxtmi.com/forum/issue?id=119492 Foreign tour incentives paid by a principal to a distributor are treated as commercial discounts/incentives and not as exempt supplies; therefore, reversal of common input tax credit under Rule 42 generally does not arise. Classification for income tax (other income) or TDS deductions does not change GST treatment. Where the incentive takes the form of goods supplied by the principal, that transfer may constitute a distinct supply by the principal with separate GST consequences. en-us Sat, 28 Dec 2024 17:17:44 +0530 Thu, 23 Jan 2025 14:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119492 Foreign tour incentives paid by a principal to a distributor are treated as commercial discounts/incentives and not as exempt supplies; therefore, reversal of common input tax credit under Rule 42 generally does not arise. Classification for income tax (other income) or TDS deductions does not change GST treatment. Where the incentive takes the form of goods supplied by the principal, that transfer may constitute a distinct supply by the principal with separate GST consequences. Discussion-Forum GST Sat, 28 Dec 2024 17:17:44 +0530 https://www.taxtmi.com/forum/issue?id=119492