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the Applicant can avail Input Tax Credit only to the extent of the invoice value raised by the suppliers less the discounts as per C2FO software which is paid by him to the suppliers.

Shanti Prime Publication Pvt. Ltd.

Input Tax Credit — Applicant has preferred an application seeking Advance Ruling on

“Whether the MRF Ltd can avail the ITC of the full GST charged on the supply of invoice or a proportionate reversal of the same is required in case of post purchase discount given by the supplier of the goods or services.”

Held that—As per the Provisions of Section 16 of the CGST Act 2017 /TNGST Act 2017, the Applicant can avail Input Tax Credit only to the extent of the invoice value raised by the suppliers less the discounts as per C2FO software which is paid by him to the suppliers.—Mrf Limited, In Re… [2019] 08 TAXLOK.COM 088 (AAR-Tamil Nadu)