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Difference b/n cash discount and rebate

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(Querist)
30 September 2016 dear sir
what is the difference B/n cash discount and Rebate.
Are they same?
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Sandeep Dharar

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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.
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
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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