TMI BlogStock lying with consignment agent and brancesX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Whether we have to reverse cenvat credit and vat utilized in manufactuing of finished goods lying with our agent/brances or will be paid IGST on appointed date ? ( Section 192 193 ,to 194 ) What will be the treatment of discount if we have issued debit note/credit note after issue the sales invoice and before the sales invoice.( mention in invoice at the time of remo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... val) 3) How we will assess the transanction value, after deducting the discount value or before the discount value. ? ( Section 178 ) Thanks Regards - Reply By YAGAY AND SUN - The Reply = In present Model GST Law there is no clarity on your point number 1 as mentioned above. This way this will lead to double taxation. As per Model GST Law, there should be pre announced policy r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egarding discounts. - Reply By Ganeshan Kalyani - The Reply = The terms of discount should have been agreed. Agreement should be there. And also the same should be mentioned on the face of the invoice. If it is satisfied then discount will not form part of sale price. This is my view. - Reply By KASTURI SETHI - The Reply = I support the views of both experts. Let us wait for the date of enact ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment of GST as at present situation about GST is fluid. So many changes are taking place. - Stock lying with consignment agent and brances - Query Started By: - RAM SHARMA Dated:- 24-1-2017 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... india.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
