In M/s. Santhosh Distributors Kottayam [Order No. AAR/10/20 dated March 01, 2021], M/s. Santhosh Distributors Kottayam (Appellant) has sought clarification on
♦ Whether there lies any Goods and Services Tax (GST) on the discount provided by Principal Company M/s Castrol India Ltd. (Principal Company) to its dealers through the Appellant.
♦ Whether the amount shown in the commercial credit note issued by Appellant attracts proportionate reversal of Input Tax Credit (ITC).
♦ Whether there lies any tax liability on Appellant for the amount received as reimbursement of discount by Principal Company.
Source Taxguru
