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GST on Sales Incentive, Goods and Services Tax - GST |
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GST on Sales Incentive |
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I am Distributor of Engine oils, i received Sales inventive amount through Cheque, is gst applicable on sales incentive, if yes what is the section and rule ,rate of tax and HSN Code Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
If incentive/discount is agreed to between by the seller and the buyer in writing it is exempted. The invoice shall contain such details.
Dear Querist, Whether discount or incentive, it must be known prior to or at the time of supply otherwise deduction not admissible. The following decision will makes the position clear:- Page: 1 Old Query - New Comments are closed. |
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