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Vat in case of cash & trade discount

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(Querist)
19 June 2013 If cash and trade discount is given in invoice, whether one can collect vat on net amount i.e. after deducting trade and cash discount....
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Rupesh Jain

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Rupesh Jain (Expert)
19 June 2013 vat charge on after trade discount before cash disocunt
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gaurav bansal

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gaurav bansal (Querist)
19 June 2013 please confirm- cash discount is not deducted even though shown seprately in bill



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gaurav bansal

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gaurav bansal (Querist)
19 June 2013 please confirm- cash discount is not deducted even though shown seprately in bill
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
19 June 2013 No. cash discount given in the motive of getting payment on time from the buyer.cash discount not deductible in VAT


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