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Concept of discount

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 June 2017 whether concept of discount under GST has been Eliminated and GST rate shall be apply on MRP basis.
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Devansh Jain

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Devansh Jain (Expert)
22 June 2017 discount shall be deducted from the value if there is explicit contract for the discount being given. This means even after adhoc/cash discount on MRP, gst will be paid on mrp value only..
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