Discount after supply of goods
This query is : Resolved
28 December 2018
XYZ is issuing invoice for the supply of goods and charging full GST on the full value of the invoice. At the bottom of the invoice, a remark is given as ‘if payment is received within 7 days, 2% discount will be given’. Can XYZ subsequent to supply issue credit note with GST to the customer for 2% discount if the payment is received within 7 days and reduce his GST liability in that month to the extent of the GST on 2% discount shown in the credit note?
CA R SEETHARAMAN
(Expert)
29 December 2018
Yes credit note with GST can be given as it's stated in the invoice.
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