GST on Discount received after purchase
This query is : Resolved
Quick Summary
Mansi Shah
(Querist)
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?
CA R SEETHARAMAN
(Expert)
14 December 2020
Yes, you are right no GST on post sale discount not contemplated at the time of sale.
Mansi Shah
(Querist)
14 December 2020
Please give advice for letter should be taken for receiving post sale discount from supplier is mandatory?
CA R SEETHARAMAN
(Expert)
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
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
