Tax Management India. Com TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

REFUND ON ACCOUNT OF YEAR END OR VOLUME BASED INCENTIVES PROVIDED BY THE SUPPLIER THROUGH C REDIT NOTES

Para 2 (I) - Draft-Bills-Reports - Business Processes for GST on Refund Process - Report on - Business Processes for GST on Refund Process - [August 2015] - Para 2 (I) - 2(I) : It is noted that suppliers are allowing year end or volume based discount .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

regard as provisions for such discounts is a trade practice and will have to be permitted in the GST regime. The following procedure is recommended: i) The refund would be granted on submission of a simple application along with a Chartered Accountan .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ent. ii) In such cases, the eligibility for ITC at the buyer s end and the output liability at the supplier s end will get simultaneously reduced/adjusted on the basis of credit notes issued by the supplier and the corresponding debit notes issued by .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Recapitulation:

Recent / Latest:
Discussion Forum
what is new what is new
 
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version