https://www.taxtmi.com/forum/issue?id=121083 GST valuation treatment of a trade discount depends on whether the payment is a genuine reduction in consideration for the restaurant supply or consideration for a separate referral service. A referral fee cannot be converted into a trade discount merely through contractual wording. Where a genuine price reduction is intended, the agreement, customer invoice, commercial documentation and accounting should consistently reflect that reduction. The payment flow, contractual obligations and nature of the underlying supply remain material to a substance-over-form and separate-supply assessment. en-us Mon, 24 Aug 2026 15:11:49 +0530 Mon, 07 Sep 2026 08:32:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121083 GST valuation treatment of a trade discount depends on whether the payment is a genuine reduction in consideration for the restaurant supply or consideration for a separate referral service. A referral fee cannot be converted into a trade discount merely through contractual wording. Where a genuine price reduction is intended, the agreement, customer invoice, commercial documentation and accounting should consistently reflect that reduction. The payment flow, contractual obligations and nature of the underlying supply remain material to a substance-over-form and separate-supply assessment. Discussion-Forum GST Mon, 24 Aug 2026 15:11:49 +0530 https://www.taxtmi.com/forum/issue?id=121083