Vat in case of cash & trade discount
This query is : Resolved
gaurav bansal
(Querist)
19 June 2013
If cash and trade discount is given in invoice, whether one can collect vat on net amount i.e. after deducting trade and cash discount....
Rupesh Jain
(Expert)
19 June 2013
vat charge on after trade discount before cash disocunt
gaurav bansal
(Querist)
19 June 2013
please confirm- cash discount is not deducted even though shown seprately in bill
gaurav bansal
(Querist)
19 June 2013
please confirm- cash discount is not deducted even though shown seprately in bill
CMA Ramesh Krishnan
(Expert)
19 June 2013
No. cash discount given in the motive of getting payment on time from the buyer.cash discount not deductible in VAT
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