https://www.taxtmi.com/circulars?id=69061 Discounts resulting from supplier-issued financial or commercial credit notes do not reduce original transaction value, so recipients need not reverse Input Tax Credit. Post-sale manufacturer-to-dealer discounts generally lower the dealer's sale price and are not consideration for the dealer's supply absent a manufacturer-end-customer agreement; where such an agreement exists and credit notes enable discounted end-customer sales, the discount is an inducement included in consideration. Distinct promotional services are taxable only if contracted separately with defined consideration. en-us Mon, 22 Sep 2025 00:00:00 +0530 Fri, 19 Dec 2025 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69061 Discounts resulting from supplier-issued financial or commercial credit notes do not reduce original transaction value, so recipients need not reverse Input Tax Credit. Post-sale manufacturer-to-dealer discounts generally lower the dealer's sale price and are not consideration for the dealer's supply absent a manufacturer-end-customer agreement; where such an agreement exists and credit notes enable discounted end-customer sales, the discount is an inducement included in consideration. Distinct promotional services are taxable only if contracted separately with defined consideration. Circulars GST - States Mon, 22 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69061