When should be discount given
This query is : Resolved
YELLANKI RATHNAGIRI
(Querist)
17 May 2019
Dear all,
when should be discount given?
before gst
or
after gst
when should be discount given?
before gst
or
after gst
CA S K MISHRA
(Expert)
17 May 2019
If discount is known at the time of billing, the same to be deducted from Value of supply & GST applicable on amount derived after deducting discount. If, discount is given after billing/supply i.e at the time receiving payment, it will not effect transaction value & there will be no change in GST.
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