TaxTMI 
TaxTMI 
Gst credit note for post sale discount and correction in invoice
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....st credit note for post sale discount and correction in invoice <br> Query (Issue) Started By: - Allauddin Patel Dated:- 28-9-2026 Goods and Services Tax - GST <br> Got 3 Replies <br> GST<br> <br> Sir Can i issue gst credit note in tally prime under item mode without enetring quantity and rate for post sale discount and correction in invoice under gst ....?? --Reply By: Raam Srinivasan Swam....
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....inathan Kalpathi The Reply: For post sale discount department Circular 251/08/2025-GST would have to be adhered to. For the procedural part, it is possible to generate a credit note in tally prime without mentioning the quantity and rate. --- Sub-Reply By: Allauddin Patel The Sub-Reply: It is gst credit note sir not a commercial credit note . we will reduce our tax laibility and recipient wi....
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....ll reverse itc also ... --Reply By: Raam Srinivasan Swaminathan Kalpathi The Reply: Your post sale discount will come under the revised Sec.15(3)(b) which is yet to be notified. Therefore, you will have to structure the credit note as the existing section which reads thus: (b) after the supply has been effected, if- (i) such discount is established in terms of an agreement entered into at or be....
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....fore the time of such supply and specifically linked to relevant invoices; and (ii) input tax credit as is attributable to the discount on the basis of document issued by the supplier has been reversed by the recipient of the supply." Please link the credit note to individual invoices and then issue a credit note. Quantity and rate need not be mentioned. <br>***<br> Discu....
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