GST demand on Post Sale Discounts: HC directs reconsideration

Tvl. Shivam Steels Vs Assistant Commissioner (ST)(FAC) (Madras High Court) In the case of Tvl. Shivam Steels vs. Assistant Commissioner (ST) (FAC) heard by the Madras High Court, the petitioner contested the original order dated March 12, 2024, specifically concerning defect number 3. The case revolves around a GST demand related to post-sale discounts and the consequent reversal of Input Tax Credit (ITC). The petitioner received a show cause notice on January 12, 2024, addressing six defects. In response, the petitioner provided explanations on January 22, 2024, and February 14, 2024. The dis...