Post-sale discount after the 1 Nov 2026 GST change: GST or financial credit note, the s.34(2) last date and the distributor's IMS action.
One dealer scheme in, one route out: GST or financial credit note under the new s.15(3)(b), the 30 Nov last date, and what your distributor does in IMS.
v1 — first publication 2026-11-04.
AI tools for chartered accountants
by CA Karan Gupta
One dealer scheme in, one route out: GST or financial credit note under the new s.15(3)(b), the 30 Nov last date, and what your distributor does in IMS.
Last statutory update: 4 Nov 2026 — v1 — first publication 2026-11-04.
CGST s.15(3)(b) as substituted and s.34(1) as amended by Finance Act 2026 ss.153–154, in force 1 Nov 2026 (Notification 03/2026-CT — number from secondaries, flagged); s.34(2) time limit (30 Nov after the FY, or GSTR-9 date if earlier); Circular 92/11/2019-GST; Circular 251/08/2025-GST (financial credit notes; discount vs promotion service); GSTN Advisory 631 (IMS credit-note actions); Circular 212 withdrawn by 253/10/2025.
The workspace opens on tools.cakarangupta.com so site login and browser storage stay isolated. Print and local downloads work in the tool itself.
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