๐ก๐๐ถ๐ฑ ๐๐ผ๐ ๐ธ๐ป๐ผ๐? ๐ ๐ฝ๐ผ๐๐-๐๐ฎ๐น๐ฒ ๐ฑ๐ถ๐๐ฐ๐ผ๐๐ป๐ ๐ฑ๐ผ๐ฒ๐ ๐ป๐ผ๐ ๐ณ๐ผ๐ฟ๐ฐ๐ฒ ๐๐ผ๐ ๐๐ผ ๐ฟ๐ฒ๐๐ฒ๐ฟ๐๐ฒ ๐๐ง๐.
Under GST, if your supplier issues a financial credit note (without GST adjustment), your Input Tax Credit remains fully safe. The CBIC, through Circular 251/2025, has clarified that such discounts wonโt impact ITC reversal obligations.
This is a big relief for businesses offering year-end rebates, volume discounts, or retrospective incentives. No revenue loss, no compliance penalty โ just clarity and confidence.
๐ช๐ต๐ฎ๐ ๐๐ฆ๐ง ๐๐ข๐ฆ๐ง ๐ฐ๐ฎ๐ป ๐ฑ๐ผ ๐ณ๐ผ๐ฟ ๐๐ผ๐:
โ Review discount/credit note practices
โ Ensure GST-compliant documentation
โ Guide on structuring incentives to safeguard ITC
๐ ๐ฅ๐ฒ๐ฎ๐ฑ ๐๐ต๐ฒ ๐ณ๐๐น๐น ๐ฏ๐น๐ผ๐ด ๐ต๐ฒ๐ฟ๐ฒ to learn how to keep your ITC safe while growing sales with legitimate discounts.
gstdost.com/live/blog-detailโฆ
๐๐ผ๐ป๐ป๐ฒ๐ฐ๐ ๐๐ฆ๐ง ๐๐ข๐ฆ๐ง
๐ 9088882000 | โ๏ธ support@gstdost.com
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