Jose Mathew and Co. ., In re
Date: May 31, 2021
Subject Matter
GST on discount received through credit notes. No ruling can be given in the absence of sufficient information
Summary
Sub-section (3) of Section 15 of the CGST Act clearly specifies the circumstances under which and the conditions subject to which any discount can be deducted / excluded for determining the taxable value of a supply. From the facts as stated by the a…
M/s. Jose Mathew and Co. (herein after referred to as the applicant) is a supplier of consumer goods. The applicant has been purchasing consumer products mainly from M/s. Hindustan Unilever Ltd. 2. At the outset, the provisions of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as CGST Act) and the Kerala State Goods and Services Tax Act, 2017 (hereinafter referred to a…