In case of cement suppliers the company bills say 1 bag @ 250/- to the taxpayer. Taxpayer sales it @ 245/- bag. in month end company gives various discounts like
quantity discounts
scheme discounts
Cash discounts etc.
company has not issued credit note in gst (not reflecting in 2A). Because the credit note not reflecting in 2A Taxpayer has not reversed ITC on the same.
Officer is asking to reverse the same. As per GST on commercial credit notes which are post sales, the Taxpayer have to reverse ITC even if supplier (company) has not reflected the same in GST??
CAclubindia
