Treatment of discount given on advance payment
Querist : Anonymous
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
Querist : Anonymous
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
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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