Discount


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 August 2013 When a Dealer makes a sale under VAT less than the rate he has received and in turn his supplier issues Credit note for the loss as Discount without any Tax breakup, Will this
Discount attract Vat? in Karnataka

19 August 2013 In Tamilnadu, Andhra & Kerala, credit note for discount does not attract VAT. You have not specified Your State.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 August 2013 It is Karnataka

20 August 2013 I THINK, FROM 1ST APRIL 2013, CLAIM BASED CREDIT NOTE FOR DISCOUNT, VAT IS NOT ELIGIBLE FOR DEDUCTION IN KARNATAKA ALSO.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details