The Central Board of Indirect Taxes and Customs (CBIC) has withdrawn the Circular No. 212/6/2024-GST, dated 26-06-2024 on Input Tax Credit (ITC) reversal procedure for post-sale discounts.
“In order to ensure uniformity in the implementation of the provisions of the law across field formations, the Board, in exercise of its powers conferred by section 168(1) of the Central Goods and Services Tax Act, 2017, hereby withdraws, circular No. 212/6/2024-GST dated 26th June, 2024. Therefore, the procedure prescribed vide the aforesaid circular for providing evidence of compliance of conditions of Section 15(3)(b)(ii) shall not be required,” the notification read.
The CBIC has withdrawn Circular No. 212/6/2024-GST, dated 26-06-2024, which relates to the procedure for furnishing compliance evidence under Section 15(3)(b)(ii) of the CGST Act for reversal of ITC by the recipient in post-sale discounts. The suppliers are no longer required to follow the earlier procedure.
The withdrawn circular had clarified the procedure for providing evidence of compliance under Section 15(3)(b)(ii) of the CGST Act, 2017 (post-supply discounts).
Notification Details
Circular No. 253/10/2025 – GST
Date: 01/10/2025
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