https://www.taxtmi.com/forum/issue?id=119743 GST treatment of volume discounts turns on whether the discount was predetermined and on valuation rules excluding qualifying post supply adjustments from taxable value. Volume discounts granted by credit note reduce the consideration for the original supply if they meet statutory criteria for adjustment and therefore do not attract additional GST. For purchasers, the seller's issuance of a credit note effects the adjustment and the buyer need not treat it as new taxable income. en-us Wed, 19 Mar 2025 16:38:49 +0530 Fri, 21 Mar 2025 12:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119743 GST treatment of volume discounts turns on whether the discount was predetermined and on valuation rules excluding qualifying post supply adjustments from taxable value. Volume discounts granted by credit note reduce the consideration for the original supply if they meet statutory criteria for adjustment and therefore do not attract additional GST. For purchasers, the seller's issuance of a credit note effects the adjustment and the buyer need not treat it as new taxable income. Discussion-Forum GST Wed, 19 Mar 2025 16:38:49 +0530 https://www.taxtmi.com/forum/issue?id=119743