Input tax credit - Reversal of ITC - the applicant can avail the ...

Case Laws GST

January 22, 2022

Input tax credit - Reversal of ITC - the applicant can avail the Input Tax Credit of the full GST charged on the invoice of the supply and no proportionate reversal of ITC is required in respect of commercial credit note issued by supplier for Cash discount for early payment of supply invoices(bills) and Incentive/schemes provided without adjustment of GST, if the said discount is not covered under Section 15(3)(b) of CGST Act, 2017 and the said discounts is not in terms of prior agreement. - AAR

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Input tax credit - Reversal of ITC - the applicant can avail the ...

Case Laws GST

January 22, 2022

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