Dealer is required to reverse input tax credit proportionate to the reduction in value of supply
THE AUTHORITY OF ADVANCE RULING
The Question and Ruling as follows:
1. Whether dealer is required to reverse input tax credit proportionate to the reduction in the value of supply?
2. Whether the applicant can issue commercial credit note to its dealers for post sale discounts without charging GST?
RULING
The application for advance ruling is rejected, as being non-maintainable.
Tags : Judgement, GST, Advance Ruling
You May Also Like :
- No Purchase Tax if yearly turnover was less than Rs 300 crores – Tamil Nadu VAT
- Tax Invoice to be raised if goods are sold to foreign buyer without their actual movement
- NO GST applicable on supply of religious Books
- Vocational training recognized by Govt of India makes an entity eligible for exemption from GST
The post Dealer is required to reverse input tax credit proportionate to the reduction in value of supply appeared first on Studycafe.
from Studycafe https://ift.tt/2DAVKEJ
No comments:
Post a Comment