AAR : Requires reversal of ITC proportionate to post purchase/invoice discount offered

Mar 18,2019

Tamil Nadu AAR holds that applicant can avail ITC only to the extent of invoice value raised by suppliers less post purchase/invoice discount availed through C2FO model; Observes that C2FO platform is a marketplace model where both applicant/recipient and his suppliers are registered but discounts offered are not mentioned in supply contract, though discounts are specifically linked to relevant invoices; Accordingly, Section 15(3)(b) does not apply, therefore the value of sup...

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