AAR : Disallows post supply 'transaction value' deduction towards 'rate difference'/'special discount' on cement

Jul 26,2018

AAR holds that amount paid to authorized dealers towards “rate difference” and “special discount” after supply of goods viz. cement / clinker to them, cannot be allowed as deduction from transaction value as ‘discount’ absent compliance with Section 15(3)(b)(i) of CGST Act; In terms of said Section, ‘discount’ is required to be excluded from value of supply, if “such discount is established in terms of an agreement entered into at or before the time of such ...

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