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All QuestionsCategory: GST CompliancesDo we require to reverse Input Tax Credit if we have received discount
Profile photo of Ashish GargAshish Garg asked 2 months ago

Do we require to reverse Input Tax Credit if we have received discount

Do we require to reverse Input Tax Credit if we have received discount from supplier without any GST effect on it?

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1 Answers
Profile photo of Consultease AdministratorConsultease Administrator answered 2 months ago

IMHO no..because the supplier hasn’t taken any benefit of reversal of output tax liability.