In this Weekly Bulletin, we have captured following:

Rulings

• ITC reversal on commercial credit notes received for post-supply cash and quantity discounts and levy of GST thereon at recipient’s end

Other Updates

• Recovery and write-off of arrears of revenue

Please click on the below link to NITYA | Indirect Tax Bulletin | January 2022 | Week 3 (Legal Precedents and Other Updates) covering all recent updates.

NITYA I IDT Bulletin I January I Week 3

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