Rajesh Kumar Gupta {AUTHORITY FOR ADVANCE RULINGS, MADHYA PRADESH}
Rajesh Kumar Gupta {AUTHORITY FOR ADVANCE RULINGS, MADHYA PRADESH} :Date of Order : 06-01-2022
simplified explanation of the ruling by the Authority for Advance Rulings (AAR) in Madhya Pradesh regarding Input Tax Credit (ITC) on credit notes issued for cash discounts and incentives:ContextRajesh Kumar Gupta, a dealer of a popular rice brand, sought clarification on whether he could claim Input Tax Credit (ITC) on GST charged in invoices where the supplier later issued credit notes for cash discounts and incentives without...
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