XYZ (India) imported goods from foreign supplier PQR (Associated Company). Subsequently, PQR had given discount to XYZ against this supply for which XYZ issued a Debit Note to them. Is XYZ required to pay GST on the amount recovered?
Kaustubh Karandikar Asked question December 6, 2020
Technically credit note should be issued by PQR. In our prima facie view no GST should apply of such discount.
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Frah Saeed Changed status to publish December 10, 2020