https://www.taxtmi.com/circulars?id=68857 Clarifies that issuance of financial/commercial credit notes does not reduce the supplier's original transaction value or tax liability, so recipients need not reverse Input Tax Credit tied to such discounts. Post sale discounts from manufacturers to dealers generally reduce the dealer's sale price and are not consideration for the dealer's supply to end customers unless the manufacturer has an agreement with the end customer; in that case the discount forms part of overall consideration. Separate promotional or marketing activities carried out by dealers are taxable only when expressly agreed as distinct services with defined consideration. en-us Fri, 10 Oct 2025 00:00:00 +0530 Mon, 13 Oct 2025 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68857 Clarifies that issuance of financial/commercial credit notes does not reduce the supplier's original transaction value or tax liability, so recipients need not reverse Input Tax Credit tied to such discounts. Post sale discounts from manufacturers to dealers generally reduce the dealer's sale price and are not consideration for the dealer's supply to end customers unless the manufacturer has an agreement with the end customer; in that case the discount forms part of overall consideration. Separate promotional or marketing activities carried out by dealers are taxable only when expressly agreed as distinct services with defined consideration. Circulars GST - States Fri, 10 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68857