Gst on cash discount received on exempted goods
This query is : Resolved
Girish Sharma
(Querist)
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
Girish Sharma
(Querist)
11 May 2018
Thanks Sir, it means GST will not be levied.
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