https://www.taxtmi.com/circulars?id=69319 Suppliers giving post-supply discounts via tax credit notes may exclude those discounts from taxable value only if Section 15(3)(b)(ii) conditions are met, notably proportionate reversal of input tax credit by the recipient. Until portal verification exists, suppliers must obtain a CA/CMA certificate (with UDIN) or, below the prescribed tax threshold, a recipient undertaking, detailing credit notes, linked invoice numbers, ITC reversal amounts and the FORM GST DRC-03/return reference; these documents will serve as admissible evidence for compliance and must be produced to tax authorities when required. en-us Fri, 05 Jul 2024 00:00:00 +0530 Tue, 10 Mar 2026 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69319 Suppliers giving post-supply discounts via tax credit notes may exclude those discounts from taxable value only if Section 15(3)(b)(ii) conditions are met, notably proportionate reversal of input tax credit by the recipient. Until portal verification exists, suppliers must obtain a CA/CMA certificate (with UDIN) or, below the prescribed tax threshold, a recipient undertaking, detailing credit notes, linked invoice numbers, ITC reversal amounts and the FORM GST DRC-03/return reference; these documents will serve as admissible evidence for compliance and must be produced to tax authorities when required. Circulars GST - States Fri, 05 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69319