Treatment of discount given on advance payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2018 Dear Experts.
We are supplier having GSTIN also. As per our policy we provide 1% discount to our buyer on advance payment. Pls tell me how it would impact on GST and what will be it's treatment in GST. Whether any credit or debit notes is to be issued to buyers.

Pls clarify.....

Thanks & Regards
Anshul Gupta

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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19 December 2018 Give discount in the tax invoice charge GST after discount.

Querist : Anonymous

Querist : Anonymous (Querist)

19 December 2018 Ohkkk?
Sir in other case if buyer gives the payment within 7 day after issues of invoice then .5% discount will be given to buyer. In this case what would be the treatment

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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20 December 2018
GST credit allowed if Such discount is established in terms of an agreement entered into at or before the time of such supply and specifically linked to relevant invoices.

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