Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 

TMI Blog

Home List
← Previous Next →

Clarification on various doubts related to treatment of secondary or post-sales discounts under GST.

..... Dispur the 1st July, 2019. Subject: No. CT/GST-15/Pt-1/2017/40. - Circular No. 45/2019-GST [No. CT/GST-15/2017/317 dated 14th March, 2019] was issued providing clarification on various doubts related to treatment of sales promotion schemes under GST. Post issuance of the said Circular various representations have been received from the trade and industry seeking clarifications in respect of tax tr .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... t is given by the supplier of goods in lieu of consideration for any additional activity / promotional campaign to be undertaken by the dealer. 3. It is clarified that if the post-sale discount is given by the supplier of goods to the dealer without any further obligation or action required at the dealer's end, then the post sales discount given by the said supplier will be related to the orig .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... goods, being recipient of services, will be eligible to claim input tax credit (hereinafter referred to as the ITC ) of the GST so charged by the dealer. 4. It is further clarified that if the additional discount is given by the supplier of goods to the dealer to offer a special reduced price by the dealer to the customer to augment the sales volume, then such additional discount would represent .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... aid supplier not being in accordance with the provisions contained in sub-section (3) of section 15 of Assam GST Act. It has already been clarified vide Circular No. 45/2019-GST [No. CT/GST-15/2017/317 dated 14th March, 2019] that the supplier of goods can issue financial / commercial credit notes in such cases but he will not be eligible to reduce his original tax liability. Doubts have been rais .....

X X X X X X X

Full Text of the Document

X X X X X X X

..... / commercial credit notes received by him from the supplier of goods plus the amount of original tax charged by the supplier. 6. This Circular is clarificatory in nature and not meant for any interpretation of provisions of the Act and rules. 7. Difficulties, if any, in implementation of the above instructions may be brought to the notice of the Commissioner at an early date. 8. This Circular shal .....

X X X X X X X

Full Text of the Document

X X X X X X X

 

 

← Previous Next →

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map ||