GST on Discount received after purchase
This query is : Resolved
Quick Summary
14 December 2020
Dear Sir,
Please clarify what documents needed for Discount received from supplier of goods for release payments before due date along with credit note.
We are taking discount letter from them. Is there any requirement of letter from Supplier for post sale discount?
As per my understanding there is no GST in Post sale discount if i m wrong please let me know?
Please clarify what documents needed for Discount received from supplier of goods for release payments before due date along with credit note.
We are taking discount letter from them. Is there any requirement of letter from Supplier for post sale discount?
As per my understanding there is no GST in Post sale discount if i m wrong please let me know?
14 December 2020
Yes, you are right no GST on post sale discount not contemplated at the time of sale.
14 December 2020
Please give advice for letter should be taken for receiving post sale discount from supplier is mandatory?
14 December 2020
Not mandatory in case of no GST.
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
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- REGARDING ITR FILING QUESTION
- ITR 44AD SECTION
- Missed TDS
- Old Traces Portal
- Sale of Mutual Funds In Diffirent Financial Years
- CASH GIFT FROM BLOOD RELATIVE
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
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
