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Discount received from supplier can’t be construed as service provided to supplier: HC
THE HON’BLE MADRAS HIGH COURT IN THE CASE OF TVL. SHIVAM STEELS V/s ASSISTANT COMMISSIONER (ST (FAC), decided on 25-6-2024
👉 Issue:-
✔ Can GST levied on discount received from Supplier?
👉 TheHon’ble High Court Judgement:-
✔ Where assessing authority while passing impugned order concluded that taxable person was providing a service to supplier while taking benefit of a discount by facilitating an increase in volume of such supplier, same was erroneous and contrary to fundamental tenets of GST law, thus impugned order only relating to reversal of ITC for volume of credit notes issued by supplier was to be set aside and matter was to be remanded for reconsideration by original authority.
Section 16 of Central Goods and Services Tax Act, 2017
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