https://www.taxtmi.com/acts?id=53939 The valuation of supply rule under section 15 is amended for post-supply discounts. A discount is recognised only where the supplier has issued a credit note after the supply and the recipient has reversed the input tax credit attributable to the discount in accordance with section 34. The amendment links discount treatment to the credit-note mechanism and corresponding input tax credit reversal. en-us Tue, 31 Mar 2026 16:04:53 +0530 Tue, 31 Mar 2026 16:04:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53939 The valuation of supply rule under section 15 is amended for post-supply discounts. A discount is recognised only where the supplier has issued a credit note after the supply and the recipient has reversed the input tax credit attributable to the discount in accordance with section 34. The amendment links discount treatment to the credit-note mechanism and corresponding input tax credit reversal. Act-Rules F. Acts / Amendment Acts Tue, 31 Mar 2026 16:04:53 +0530 https://www.taxtmi.com/acts?id=53939