CEAT Limited ., In re
Date: March 17, 2020
Subject Matter
Advance ruling can't be given on whether the applicant can issue commercial credit note to its dealers for post sale discounts
Summary
Q1) Whether their dealer is required to reverse input tax credit proportionate to the reduction in the value of supply? A) The question raised by the applicant is not in relation to the supply of goods or services or both being undertaken…
The present application has been filed under Section 97 of the Central Goods and Services Act, 2017 and the Maharashtra Goods and Services Tax Act. 2017 [hereinafter referred to as “the CGST Act and MGST Act” respectively ] by M/s. CEAT Limited, the applicant, seeking an advance ruling in respect of the following questions. 1. Whether dealer is required to reverse input tax credi…