AAR: Volume discount received by motor-vehicle dealer in form of credit note, not liable to GST

Karnataka AAR holds that volume-discount received by motor-vehicle dealer on purchases/sales, in the form of credit-note without any adjustment of GST, is not liable for GST; Further, holds that the applicant need not issue tax invoice for this transaction since the amount received in the form of credit note is actually a discount and not a supply to the authorized supplier; Referring to Section 15(3) of the CGST Act, 2017 relating to inclusions in value of supply, states tha...