CBIC Clears Confusion Over ITC Treatment Of Post-Sale Discounts, Says No Reversal Needed
Last Updated:September 14, 2025, 08:12 is CBIC clarifies buyers need not reverse ITC on discounts via post-sale financial or commercial credit notes. There has been confusion among buyers that if they require to reverse ITC, given the supplier issues commercial or financial credit notes post the supply. Dispersing the confusion in regard to input tax…