https://www.taxtmi.com/article/detailed?id=15100 The Circular clarifies that commercial credit notes do not affect the supplier's tax liability and do not oblige recipients to reverse Input Tax Credit; post-sale discounts are treated as mere price reductions in principal-to-principal transactions unless a linked agreement requires the dealer to pass a funded discount to the end customer, in which case the discount is included in the dealer's taxable consideration, and separately identified promotional services provided by dealers to manufacturers constitute a distinct taxable service. en-us Wed, 17 Sep 2025 10:15:25 +0530 Wed, 17 Sep 2025 10:15:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15100 The Circular clarifies that commercial credit notes do not affect the supplier's tax liability and do not oblige recipients to reverse Input Tax Credit; post-sale discounts are treated as mere price reductions in principal-to-principal transactions unless a linked agreement requires the dealer to pass a funded discount to the end customer, in which case the discount is included in the dealer's taxable consideration, and separately identified promotional services provided by dealers to manufacturers constitute a distinct taxable service. Articles Goods and Services Tax - GST Wed, 17 Sep 2025 10:15:25 +0530 https://www.taxtmi.com/article/detailed?id=15100