Discount

347 views 9 replies
User Avatar

Sr.ACCOUNTANT
261 Points Joined November 2011
How trade discount is treated in GST is it a service item .
what is the SAC
cod and what is the tax applicable
0 Reply Share Follow
On 28 February 2018 at 13:08 Report
Replies (9)
User Avatar

a
1262 Points Joined December 2014
trade discount is simply reduced from value.
Reply
On 28 February 2018 at 13:18
User Avatar

66 Points Joined February 2018
reduced from value
Reply
On 28 February 2018 at 13:29
User Avatar

66 Points Joined February 2018
simply
Reply
On 28 February 2018 at 13:29
User Avatar

"Do the Right Thing...!!!"
128116 Points Joined January 2015
Trade Discount is directly account to the Party. GST not applicable.
2 Reply
On 28 February 2018 at 14:08
User Avatar

52 Points Joined March 2017
Section 15 of the CGST Act and
Determination of Value of Supply, CGST Rules, 2017 contains provisions related to valuation of supply of goods or services.
Reply
On 01 March 2018 at 12:10
User Avatar

52 Points Joined March 2017
Discounts like Trade discount, Quantity discount etc. are part of normal trade and practice. So, these are allowed to be excluded while determining taxable value.
Reply
On 01 March 2018 at 12:10
User Avatar

FINANCIAL ACCOUNTANT
458 Points Joined January 2018

Yu don't want to bother about the gst in trade discount. smiley

Reply
On 01 March 2018 at 12:29
User Avatar

839 Points Joined March 2018
you mean Gst is applicable on MRP and discount given in directly party ladger without GST .....
Reply
On 01 March 2018 at 22:56
User Avatar

52 Points Joined March 2017
You are interpretating it wrongly.

MRP
less: Trade Discount / Quantity Discount
= Taxable Value of Supply
Reply
On 02 March 2018 at 07:18


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading