Post-Supply Discount Adjustments and ITC Mismatches Remanded for Detailed Investigation and Verification of Tax Records
Post-Supply Discount Adjustments and ITC Mismatches Remanded for Detailed Investigation and Verification of Tax Records Issue Valuation & Post-Supply Discounts: Whether post-supply discounts/incentives received from an OEM (Honda) and disclosed in GSTR-9C warrant output tax demands or Input Tax Credit (ITC) adjustments without verifying whether the supplier issued credit notes and reduced taxable values. Double… Read More »