ITC can't be denied under GST even when post-supply discounts received: AAR

Input tax credit would not be denied under the goods and services tax (GST) system even when a company receives post-supply discounts, provided the entire tax liability is paid, the authority for advance rulings (AAR) in Andhra Pradesh has ruled. Vedmutha Electricals, a distributor of electronic goods, sought advance ruling whether it can claim a full credit on the original invoice amoun…