https://www.taxtmi.com/circulars?id=69183 Where suppliers issue financial/commercial credit notes without reducing the original transaction value, the supplier's tax liability remains unchanged and the recipient need not reverse Input Tax Credit. Post sale discounts by a manufacturer to a dealer are not consideration for the dealer's supply when sales are independent principal to principal transactions, but are includible in consideration where the manufacturer has an agreement with the end customer and enables the dealer to supply at the agreed discounted price. Discounts that merely reduce the dealer's sale price are not taxable as separate services unless a distinct promotional service with specified consideration is contracted. en-us Thu, 16 Oct 2025 00:00:00 +0530 Wed, 11 Feb 2026 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69183 Where suppliers issue financial/commercial credit notes without reducing the original transaction value, the supplier's tax liability remains unchanged and the recipient need not reverse Input Tax Credit. Post sale discounts by a manufacturer to a dealer are not consideration for the dealer's supply when sales are independent principal to principal transactions, but are includible in consideration where the manufacturer has an agreement with the end customer and enables the dealer to supply at the agreed discounted price. Discounts that merely reduce the dealer's sale price are not taxable as separate services unless a distinct promotional service with specified consideration is contracted. Circulars GST - States Thu, 16 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69183