Single format · FV07-X3-1

Channel rebate and incentive agreement, manufacturer and distributor

A single format from the Channel Rebate and Incentive Agreements pack. CGST Act 2017, ss.15(3) and 34 · Competition Act 2002, s.3(4) · s.393, Income-tax Act 2025 · Indian Contract Act 1872.

Length
16 pages
Blanks to fill
82
Files
Word and PDF
Law as at
30 October 2026
Last reviewed
30 October 2026

What it covers

  1. 1Channel rebate and incentive agreement, manufacturer and distributorCGST Act 2017, ss.15(3) and 34 · Competition Act 2002, s.3(4) · s.393, Income-tax Act 2025 · Indian Contract Act 187282 blanks

Not included

What you will still need outside this format:

  • The underlying distribution or dealership agreement: use the catalogue's Distribution agreement or Dealership agreement.
  • The Scheme Circulars for each promotion, which the manufacturer issues under the agreement.
  • The statutory GST returns and IMS actions; the stand-alone credit note forms are in the catalogue's Credit Notes and Debit Notes pack.
  • A competition law review of loyalty, exclusivity or whole-volume rebates where the manufacturer may be dominant.
  • Any CBIC clarification issued after 30.10.2026 on credit notes for supplies made before 1 November 2026.
  • Stamp duty on the agreement under the State Stamp Act.

Read the opening

The first part of the format, as it downloads. Blanks are highlighted.

This agreement sits beside the catalogue's "Distribution agreement" or "Dealership agreement" and replaces their short discount clause with a complete scheme. Settle rebates using the catalogue's "Credit note under section 34" or "Commercial (financial) credit note, no tax adjustment"; verify claims with the "Distributor claim verification certificate"; and compute each period on the companion "Rebate claim, computation and credit note working".

Law as at 30.10.2026. Section 153 of the Finance Act 2026 substitutes section 15(3)(b) of the CGST Act 2017 from 01.11.2026 (notification dated 26.10.2026 under section 1(2)(b) of that Act, which also brings in section 154 amending section 34(1)): a post-supply discount then reduces value if the supplier issues a credit note and the recipient reverses the attributable input tax credit under section 34, without the earlier conditions of a pre-supply agreement and invoice linkage. Clause 9 is drafted to meet both the earlier and the substituted tests, because the treatment of credit notes after 01.11.2026 for supplies made before that date has not been clarified.

CHANNEL REBATE AND INCENTIVE AGREEMENT

69 more paragraphs and tables follow in the full format.

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