Cash Discount
This query is : Resolved
CA Sandeep Thakur
(Querist)
14 January 2009
the client showingthe the cash discount on the face of invoice nad book the sales with gross amount ,
whether it is subject to cst
and can be regarded as trade discount
whether it is subject to cst
and can be regarded as trade discount
CA.ViVeK M ACA
(Expert)
15 January 2009
Discount is not form part of any tax as tax is liable on the final figure of the bill after the discount and other deduction
Message likes :
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CA Sandeep Thakur
(Querist)
04 August 2009
Thanks alot
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