Eye Share : Post Supply discount other than those covered by Section 15(3) to be treated as non-payment

There are whole lot of transactions such as quantity based discounts, cash discounts, price adjustment etc. which have raised the complexity regarding levy of GST. The wrong practices and nature of transactions have pushed Government to come out with Circular 92/11/2019-GST dated March 07, 2019 clarifying levy of tax on such transactions.Mr. Keshav R. Garg (Partner, K D & Associates) in his article throws light on the issue pertaining to post supply ca...