Discount
This query is : Resolved
11 August 2010
Can VAT be charged on the value after trade discount? If it is cash discount should it be on the gross value?
11 August 2010
The Assessable value of Goods under VAT need to calculate based on the state VAT act. if the state VAT act allowed deducting the cash discount.
But the Invoice value will be taken as assessable value in most of the cases
But the Invoice value will be taken as assessable value in most of the cases
12 August 2010
So Invoice value after discount?
12 August 2010
If the dicount showing invoice itself then it will be allowed
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