Billing on Discounts?

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5 Points Posted on 06 March 2020
Sir GST will be applicable after the discount is applied or on the total bill amount?
Suppose we have a bill of 1lakh and after charging 18%GST it is 118000 and we have given discount of rs1000 than GST will be charged on 99,000 or it will be a total bill of 117000?
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On 06 March 2020 at 17:51 Report
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Quick Summary
This discussion clarifies how Goods and Services Tax (GST) is applied when discounts are involved. It explains that GST is calculated on the value of the supply *after* any trade discounts have been deducted. Therefore, if you receive a discount, the GST amount will be lower as it's based on the reduced bill amount, not the original total.

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"Do the Right Thing...!!!"
128162 Points Posted on 06 March 2020
You can follow any of the one...
But, GST can't be less after charged in bill. Discount allowed only the Supply's value...
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On 06 March 2020 at 18:54
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On the after discount amount. Trade discounts are reduced for GST calculation.

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On 06 March 2020 at 19:57
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5 Points Posted on 06 March 2020
Thank you
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On 06 March 2020 at 21:04

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