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discounts in gst, Goods and Services Tax - GST

Issue Id: - 117164
Dated: 15-4-2021
By:- giri gattupalli
discounts in gst

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respected sir

whether turnover discounts and cash discouts can be issued to aretailer by whole saler with out effecting gst or not pleases discuss

thanking you

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Showing Replies 1 to 2 of 2 Records

1 Dated: 16-4-2021

Yes, you can. First calculate tax on transactional value (assessable value) in full and, thereafter, give/compute discount. In this way, both discounts will be from your pocket. Govt. is concerned with full tax. A problem arises only when you reduce the taxable value of outward supply by way of discount from transactional value.

2 Dated: 25-4-2021
By:- Ganeshan Kalyani

I agree with the views of Sri Kasturi Sir. The charging of GST on credit note is optional.


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