gst on tod discount
This query is : Open
Chetan Saxena
(Querist)
21 September 2017
If an invoice is generated now and relevant output tax is paid on the same and later on if turnover or scheme discount is given and credit note is issued for the same then will impact of gst be there on the credit note means will GST output be reduced. please suggest.
CA R SEETHARAMAN
(Expert)
21 September 2017
Impact of gst will be there on the credit note means GST output will be reduced.
Chhatra Singh Dugar
(Expert)
21 September 2017
Concept of credit / debit note GST regime is made so that proportionate increase or decrease in tax is effected for the return of supplies.
Chetan Saxena
(Querist)
21 September 2017
if i am distribute silver coins on tod.. then....
CA R SEETHARAMAN
(Expert)
21 September 2017
No reduction in GST.
Chetan Saxena
(Querist)
22 September 2017
thanks seetharaman and chhatra singh...
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