https://www.taxtmi.com/circulars?id=69958 Post-supply discounts given through tax credit notes are excluded from taxable value only if the conditions of section 15(3)(b)(ii) are met, including reversal of the input tax credit attributable to the discount by the recipient. Until portal functionality is available to verify such reversal, the supplier may obtain a CA/CMA certificate, or in smaller cases an undertaking or certificate from the recipient, containing particulars of the credit notes, invoices, reversal amount, and supporting documents. These records are treated as admissible evidence of compliance. en-us Mon, 08 Jul 2024 00:00:00 +0530 Thu, 28 May 2026 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=69958 Post-supply discounts given through tax credit notes are excluded from taxable value only if the conditions of section 15(3)(b)(ii) are met, including reversal of the input tax credit attributable to the discount by the recipient. Until portal functionality is available to verify such reversal, the supplier may obtain a CA/CMA certificate, or in smaller cases an undertaking or certificate from the recipient, containing particulars of the credit notes, invoices, reversal amount, and supporting documents. These records are treated as admissible evidence of compliance. Circulars GST - States Mon, 08 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=69958