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Credit Note

Indirect Taxation

If discount allowed/recived is mentioned on the invoice ,it is mandatory to file the credit not through GST returns.

Balamurali Unnithan M S

CA Inter

★ 3K+

26-Mar-21 22:35

295

Answers (2)

The value of the supply shall not include discount which is given before or at time of supply if given in invoice or if as per agreement of supply before or at supply time and ITC related to such discount is reversed by buyer . Post sale discount related to original supply of goods would not be included in value of supply if discount was known prior to supply. In such case, credit note with GST can be issued as per provisions of rule 53 of CGST Rules.