The Authority for Advance Rulings (AAR), Tamil Nadu has held that the value of the discounts as per C2FO software which is paid to the suppliers must be deducted from the invoice value for availing Input Tax Credit in view of Section 16 of the CGST Act 2O17/TNGST Act 2O17. The question before the AAR […]
The post Discounts granted must be deducted from Invoice Value to avail Input Tax Credit: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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