Question : Whether discounts can be claimed as an abatement from the price for assessing GST?
Answer: In terms of Section 15(3) of the CGST Act, 2017, the value of supply for charging GST shall not include
any discount which is given before or at the time of the supply if such discount has been duly recorded in the invoice issued in respect of such supply. The value of supply shall also not include any discount which is given
after the supply has been effected, if such discount is established in terms of an agreement entered into at or before the time of such supply and specifically linked to relevant invoices and ITC attributable to such discount
has been reversed by the recipient of the supply.
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