Difference b/n cash discount and rebate
This query is : Open
v k mishra
(Querist)
30 September 2016
dear sir
what is the difference B/n cash discount and Rebate.
Are they same?
what is the difference B/n cash discount and Rebate.
Are they same?
Sandeep Dharar
(Expert)
30 September 2016
No, Cash and Rebate are not at all same. Rebate can b termed as a discount in some cases. Like in Service Tax payment Transporters get Rebate of 70% on the Taxable Services and they have to paid tax on remaining amount.
08 October 2017
Cash Discount is generally given for immediate/quicker payment of dues on the other hand rebate is a type of special exemption on specific items as notified by the Govt.
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