GST on Discount received after purchase

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Mansi Shah (Querist)
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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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 December 2020 Yes, you are right no GST on post sale discount not contemplated at the time of sale.

Mansi Shah

Mansi Shah (Querist)
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14 December 2020 Please give advice for letter should be taken for receiving post sale discount from supplier is mandatory?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 December 2020 Not mandatory in case of no GST.

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