Gst on cash discount received on exempted goods
This query is : Resolved
10 May 2018
Sir my query relates to GST on cash discount received while making payment of exempted goods.
One of my client received discount while making payment for exempted goods purchased by him. Though at the time of sale transaction there was no condition of discount.
Now as he gets discount, whether he has to show it as his income and pay GST on it or otherwise it will be treated as misc receipts.
Please suggest
One of my client received discount while making payment for exempted goods purchased by him. Though at the time of sale transaction there was no condition of discount.
Now as he gets discount, whether he has to show it as his income and pay GST on it or otherwise it will be treated as misc receipts.
Please suggest
10 May 2018
As per my view
Discount received will be account in Indirect Income
Message likes :
1 times
11 May 2018
Thanks Sir, it means GST will not be levied.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- NON- SUBMISSION OF LLP FORM 3
- Free lancer income
- TDS related Query_Liquidated Damages
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- What is provisional receipt number for generation of form 16A
- Form 27Q Correction statement taking too long to update on IT Portal
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
