CBIC Clarifies No ITC Reversal on Post-Sale Financial or Commercial Credit Notes

Last updated: 16 September 2025

The Central Board of Indirect Taxes and Customs (CBIC) has announced that buyers will not be required to reverse input tax credit (ITC) when suppliers issue post-sale financial or commercial credit notes, even if payments are made at a discount. The clarification came through a circular issued on F

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