if I'm suppliers and I have received advance amount of Rs.100000/- from Debtors & I'm allowed Cash discount on advance received through credit Note of Rs.10000
(100000*10%=10000) then GST paid on cash discount or not??u
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Cash Discount Paid againstAdvance received from Debtors
Replies (2)
GST not payable on discount amount. (But amount actually received is considered net of discount)
please give me a example
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