Day: October 3, 2025

No CA certificate required for reversal of ITC on discount given after the supply has been effected Section 15 of CGST Act 2017 deals with value of Taxable Supply. Sub section (3) states that the value of the supply shall not include any discount which is given after …

Omission in mentioning name of lender in the audit report no basis to discard cogent documentary evidence – ITAT In a recent judgment, ITAT Agra has held that any omission in mentioning the name of lender/payee in the tax audit report cannot be made basis to discard assessee’s …