‘ITC cannot be claimed for discount given post supply even for commercial discount’

'ITC cannot be claimed for discount given post supply even for commercial discount'

 612 total views

‘ITC cannot be claimed for discount given post supply even for commercial discount’

The authority for advance ruling (AAR) in Tamil Nadu has ruled that a firm would have to reverse the input tax credit (ITC) proportionate to the post-purchase discount extended by a supplier even if the buyer has paid full GST on the transaction.

Leave a Comment

Your email address will not be published.

the taxtalk

online portal for tax news, update, judgment, article, circular, income tax, gst, notification Simplifying the tax and tax laws is the main motto of the team tax talk, solving