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Input tax credit reverse on qty discount received under gst

This query is : Resolved 
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(Querist)
11 December 2017 Dear sir
We have received Qty discount from our suppliers. In that case Input tax credit reverse or not. If reverse please provide section.

Thanks and regards
Manoj Joshi
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RAJA P M

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RAJA P M (Expert)
11 December 2017 Please explain yourself for the "Quantity Discount".
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Udaya Chandran

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Udaya Chandran (Expert)
12 December 2017 Is the discount received after supply? If so, such discount must be predetermined and such discount should be related to particular invoices. Moreover, ITC should be reversed by the recipient for such discount.
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manoj kumar joshi

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manoj kumar joshi (Querist)
13 December 2017 please provide GST section
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manoj kumar joshi

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manoj kumar joshi (Querist)
13 December 2017 Yes discount received after supply
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