GST Credit Note – TAX UPDATE INDIA

GST Notifications & Order GST

Post-Sale Discount Under GST From 1 November 2026: New Section 15(3)(b) Drops the Prior-Agreement Condition, Credit Note and ITC Reversal Now Decide It

CA Adityavikram Banka October 30, 2026

Post-sale discount under GST from 1 November 2026: new Section 15(3)(b) needs a credit note and the recipient’s ITC reversal; no prior agreement condition.