discounts in gst

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..... discounts in gst
Query (Issue) Started By: - giri gattupalli Dated:- 15-4-2021 Last Reply Date:- 25-4-2021 Goods and Services Tax - GST
Got 2 Replies
GST
respected sir whether turnover d .....

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..... iscounts and cash discouts can be issued to aretailer by whole saler with out effecting gst or not pleases discuss thanking you Reply By KASTURI SETHI: The Reply: Yes, you can. First calculate tax .....

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..... 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 .....

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..... when you reduce the taxable value of outward supply by way of discount from transactional value. Reply By Ganeshan Kalyani: The Reply: I agree with the views of Sri Kasturi Sir. The charging of GST .....

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..... on credit note is optional.
Discussion Forum - Knowledge Sharing .....

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