https://www.taxtmi.com/circulars?id=69178 Where suppliers issue financial or commercial credit notes the original transaction value and tax liability remain unchanged and the recipient need not reverse Input Tax Credit. Post sale discounts from manufacturer to dealer typically reduce the dealer's sale price and are not consideration for the dealer's supply to the end customer unless the manufacturer has an agreement with the end customer that the dealer is enabled to implement, in which case the discount is includible in overall consideration. Discounts that do not pay for distinct promotional services are not taxable unless a specific agreement defines such services and consideration. en-us Tue, 21 Oct 2025 00:00:00 +0530 Wed, 11 Feb 2026 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69178 Where suppliers issue financial or commercial credit notes the original transaction value and tax liability remain unchanged and the recipient need not reverse Input Tax Credit. Post sale discounts from manufacturer to dealer typically reduce the dealer's sale price and are not consideration for the dealer's supply to the end customer unless the manufacturer has an agreement with the end customer that the dealer is enabled to implement, in which case the discount is includible in overall consideration. Discounts that do not pay for distinct promotional services are not taxable unless a specific agreement defines such services and consideration. Circulars GST - States Tue, 21 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69178