GST suppliers giving post-sale discount have to take undertaking from clients: CBIC

New Delhi: Suppliers giving post-sale discounts through credit notes under GST will have to ensure that the client gives an undertaking or a CA certificate stating that the ITC availed on the discount value has been reversed, the CBIC has said. Currently, there is no mechanism to track whether the Input Tax Credit (ITC) on such discounts has been reversed or not.  Till the time a functionalit…