Describe the conditions to be satisfied for availing deduction of post supply discounts from the value of supply as per the provisions of section…

Conditions to be satisfied for availing deduction of post supply discounts from the value of supply as per the provisions of section 15 (3) of the CGST Act, 2017 are as follows: (i) Discount is in terms of an agreement entered into (ii) at or before the time of supply. (iii) Discount can be specifically linked to relevant invoices. (iv) Input tax credit as is attributable to the discount on the basis of document issued by supplier is reversed by the recipient of the supply.