Circular no. 253/10/2025-GST dated 01.10.2025
Central Board of Indirect Taxes and Customs (CBIC) issued Circular no. 253/10/2025-GST dated 01.10.2025 for withdrawal of circular No. 212/6/2024-GST.
Tag: sec 15(3)(b)(ii) of cgst act
Mechanism for providing evidence of compliance of conditions of Section 15(3)(b)(ii) of the CGST Act, 2017 by the suppliers
GST UPDATEZ ON 03-06-2024 by R.SRIVATSAN, IRS, NACIN, CHENNAI Suppliers giving post-sale discounts through credit notes under GST will have…
Delhi HC issued notice in circular mandating CA certification for proving credit reversal for post sales discount
The Hon’ble Delhi High Court in the case of M/s. JSW Steel Limited issued notice in the writ petition filed challenging Circular No. 212/6/2024-GST dated June 26, 2024 wherein it has been mandated to collect CA/CMA certificate from the recipient ensuring that the credit has been reversed relating to post-sales discount.
Brief of Circular No.-212/6/2024-GST dated 26-06-2024 suggested certificate formats
This circular clarifies the conditions under which discounts provided by suppliers via tax credit notes after supply should not be included in the taxable value. It also provides a mechanism for verifying the reversal of Input Tax Credit (ITC) by recipients. The goal is to ensure uniform implementation of Section 15(3)(b)(ii) across tax departments until a permanent system functionality is introduced.
53rd GST Council’s proposed mechanism on post-sale discounts to benefit stakeholders across various sectors
The GST Council has recommended a mechanism for suppliers to demonstrate compliance with Section 15(3)(b)(ii) of the CGST Act, 2017, related to post-sale discounts.
Circular no. 212/6/2024-GST dated 26.06.2024
CBIC issued a Circular No. 212/6/2024-GST dated 26.06.2024 providing Mechanism for providing evidence of compliance of conditions of Section 15(3)(b)(ii) of the CGST Act, 2017 by the suppliers