Credit note

ITC / Input 129 views 4 replies
mai customers ko discount de raha hu aur mai credit note pe gst aaye ga ???
Replies (4)

Can You ask it with English.... wink

Yes.. Aaye ga.
vinod sir pl provide rules and act for discount
Section 15 of the CGST Act, 2017, deals with the provisions of discounts under GST, the same has been reproduced hereunder for reference purpose:

The value of the supply shall not include any discount which is given:

Before or at the time of the supply if such discount has been duly recorded in the invoice issued in respect of such supply; and

After the supply has been effected, if –

Such discount is established in terms of an agreement entered into at or before the time of such supply and specifically linked to relevant invoices, and

Input tax credit as is attributable to the discount on the basis of document issued by the supplier has been reversed by the recipient of the supply.


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