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Discount other than invoice, Goods and Services Tax - GST

Issue Id: - 112248
Dated: 3-7-2017
By:- Yatin Bhopi

Discount other than invoice


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Whether every discount has to be appear on invoice. We have 4 distributors and discount rates are different to each other. We do not want to show this discounts to each other and wish to give it through credit note separately. Can we do so?

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Showing Replies 1 to 3 of 3 Records

Page: 1


1 Dated: 3-7-2017
By:- KASTURI SETHI

Yes. You can do so. Discount is allowed after the supply of goods but it must be known before or at the time of supply. There should some contract between the seller and buyer to this effect.


2 Dated: 3-7-2017
By:- PAWAN KUMAR

Yes, but the credit note to specify the relevant invoices against which the supply was made.


3 Dated: 4-7-2017
By:- KASTURI SETHI

I agree with Sh.Pawan Kumar, an expert. Correlation with particulars of invoice is an absolutely must.


Page: 1

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