https://www.taxtmi.com/forum/issue?id=120545 A supplier's promotional scheme may constitute an agreement if it is in force at the time of purchase, and the presence of such an agreement affects whether input tax credit must be reversed. Where taxable value is reduced by a supplier's credit note, purchasers must reverse ITC if the statutory conditions for adjusting tax and passing on tax incidence are not met; conversely, one view in the discussion is that ITC reversal solely for scheme implementation is not required. en-us Sat, 11 Oct 2025 13:50:30 +0530 Fri, 17 Oct 2025 08:45:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120545 A supplier's promotional scheme may constitute an agreement if it is in force at the time of purchase, and the presence of such an agreement affects whether input tax credit must be reversed. Where taxable value is reduced by a supplier's credit note, purchasers must reverse ITC if the statutory conditions for adjusting tax and passing on tax incidence are not met; conversely, one view in the discussion is that ITC reversal solely for scheme implementation is not required. Discussion-Forum GST Sat, 11 Oct 2025 13:50:30 +0530 https://www.taxtmi.com/forum/issue?id=120545