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cash discount and trade discount
pls clear this we have deposited Gst taking profit on my sale. and show my cash discount other income it's liable to gst
Replies (1)
As per section 15 (3) of the CGST act 2017 , value of the supply shall not include any discount , which is given before or at time of supply .
for example
Value of supply 100
Discount 20
Total 80
You should charge GST on Rs 80/-
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