Gst on discount

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bikash rai (Querist)
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27 October 2017 Dear Sir/Madam

I have received Credit Note for Cash DISCOUNT against a scheme. In this case do have I to reverse ITC against that particular bill?
Plz reply

Thanking you
Bikash Rai

RAJA P M

RAJA P M (Expert)
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27 October 2017 The Credit note include GST then you ll be reverse the GST.. It's only Cash discount then no need...

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bikash rai

bikash rai (Querist)
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27 October 2017 Credit Note Inc GST is shown in GSTR2A.

RAJA P M

RAJA P M (Expert)
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27 October 2017 Yes... If it's including GST then it's your liability or Less your purchase bill ITC from the supplier...

bikash rai

bikash rai (Querist)
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27 October 2017 Thanks Sir
Happy Chhat Puja

RAJA P M

RAJA P M (Expert)
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27 October 2017 You are most welcome Dear... 👍👍👍👍👍👍👍👍👍👍 I reached my one day limit of likes. So, I give smiley like..

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