TMI BlogAllowability of CST along with quanrityX X X X Extracts X X X X X X X X Extracts X X X X ..... Dt.14.08.09 Sir, We are a chemical manufacturing company, and allowing quantity discount in subsequent month by way of credit notes. While crediting the quantity discount, CST is not allowing to the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ustomers. Some of our customers are requesting us to allow proportionate CST towards quantity discount. Please advise us whether CST is allowable along with quantity discount as per CST rules. RANJIT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RONALD C.R. ASST. ACCOUNTS OFFICER THE KERALA MINERALS AND METALS LTD., KOLLAM, KERALA STATE - Reply By Rama Krishana - The Reply = What i believe that sales tax / vat or CST is payable on the value ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of sale. The value of sale can be arrived at after reducing the amount of quantity discount. If quantity discount is the pre-condition of sale, you can allow the same by way of charging CST on the red ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uced price. Where tax has already been paid, you may file the revised return to claim the benefit and adjust the tax with subsequent liability. - Allowability of CST along with quanrity - Query Start ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed By: - ranjit ronald Dated:- 14-8-2009 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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