banner_ad

Discount On Sale

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 March 2020 One party had sale on July 2019 (let say 100+18=118)but buyer done payment less then invoice value let say 98 so party shown the difference in discount i.e. 2 Rs. and issued credit note of Rs 2 to Buyer. Is GST applicable on discount amount ?
Profile Image

CA Anita Bhadra

Profile Image

CA Anita Bhadra (Expert)
03 March 2020 Yes
GST on discount is not applicable only on those cases where the it is indicated in agreement before the supply takes place
Profile Image

CA Garima Bhayana

Profile Image

CA Garima Bhayana (Querist)
03 March 2020 Thanks for reply Mam. Can you please tell me in detail what will be treatment in GST Returns? Whether GST will be deducted from outward supply ?
Profile Image

Gokul Sharma

Profile Image

Gokul Sharma (Expert)
03 March 2020 if you want to reduced your gst liability then you should issued credit note to the party.
2 Rs + gst applicable
Profile Image

CA Garima Bhayana

Profile Image

CA Garima Bhayana (Querist)
04 March 2020 can we issue credit note of Rs 2 to party without GST and debit Rs 2 in P&L A/c as discount?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details