Single format · FV07-X3-2

Rebate claim, computation and credit note working

A single format from the Channel Rebate and Incentive Agreements pack. CGST Act 2017, ss.15(3) and 34 · rule 53(1A), CGST Rules 2017 · s.393, Income-tax Act 2025.

Length
6 pages
Blanks to fill
173
Files
Word and PDF
Law as at
30 October 2026
Last reviewed
30 October 2026

What it covers

  1. 1Rebate claim, computation and credit note workingCGST Act 2017, ss.15(3) and 34 · rule 53(1A), CGST Rules 2017 · s.393, Income-tax Act 2025173 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.

Prepare one working for each Rebate Period under the catalogue's "Channel rebate and incentive agreement, manufacturer and distributor". The manufacturer's commercial finance team prepares it, the indirect tax team reviews Parts 5 to 7, and Parts 1 to 3 go to the distributor as the Rebate Statement. Attach the full invoice extract; the rows below show the layout.

REBATE CLAIM, COMPUTATION AND CREDIT NOTE WORKING

Manufacturer: [Name of the Manufacturer] · GSTIN: [GSTIN of the Manufacturer]
Distributor: [Name of the Distributor] · GSTIN: [GSTIN of the Distributor]
Rebate agreement dated: [date of the rebate agreement] · Scheme Year: [Scheme Year] · Scheme Circulars applied: [Scheme Circulars applied in this period]
Rebate Period: [Rebate Period under review] · Working paper ref.: [working paper reference]

Part 1: Eligible invoices

28 more paragraphs and tables follow in the full format.

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