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ITC can be availed on full GST charged on undiscounted supply invoice of goods/services issued by supplier

August 5, 2019[2019] 108 taxmann.com 65 (AAAR - TAMILNADU)
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GST : AAAR sets aside ruling of AAR and holds that where a post purchase discount is extended by supplier of goods or services to appellant MRF Ltd. on account of their registering in interactive automated data exchange arrangement setup by C2FO India LLP, appellant can avail Input Tax Credit of full GST charged on undiscounted supply invoice of goods/ services by their suppliers. A proportionate reversal of credit is not required to be done by them. This is subject to their fulfilling other conditions stipulated by law and that GST paid by them for said goods/service is not reversed or reimbursed/ re-credited etc. to them in any manner by supplier or on his behalf, after credit has been availed by MRF

[MRF Ltd., In re [2019] 103 taxmann.com 278 (AAR - TAMILNADU) - Set aside]

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