HSN Code on discount


This query is : Resolved 

Quick Summary
Query on HSN code applicability for discount on sales involving multiple products. It was clarified that discount should be apportioned to respective items based on invoice values. In case of multiple products, discount can be allocated across items or linked to the highest tax rate if needed, ensuring proper GST compliance.

(Querist)
10 August 2024 Hello All,

What is the HSN Code for Discount offered during sale.

It is said that HSN Code for discount is same as that of product or services .

What if there are more than 2 or 3 products .



11 August 2024 Appropriate the discount as per the amounts charged for each item in the bill.

Smrity (Querist)
12 August 2024 That means I have to create three discount Ledgers with for three different hsn codes.
Hope I am getting it right.

12 August 2024 Yes, otherwise choose the highest rate.

Smrity (Querist)
15 August 2024 Thank you sir, for your reply

15 August 2024 You are welcome.


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