GST suppliers giving post-sale discount have to take undertaking from clients: CBIC
Till the time a functionality is made available on the common portal to enable the suppliers as well as the tax officers to verify the reversal, the supplier may procure a certificate from the recipient of the supply, issued by the Chartered Accountant (CA) or the Cost Accountant (CMA), certifying that the recipient has made the required proportionate reversal of ITC at his end in respect of such credit note issued by the supplier.
![GST suppliers giving post-sale discount have to take undertaking from clients: CBIC](https://cdn.zeebiz.com/sites/default/files/2024/06/27/301950-gst-ians.jpg?im=FitAndFill=(1200,900))
Moore Singhi Executive Director Rajat Mohan said the circular has a retrospective effect, impacting all demands on this issue since 2017. Image: IANS