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pankaj

a

1262 Points Posted on 28 February 2018

trade discount is simply reduced from value.

Mahesh Rao

66 Points Posted on 28 February 2018

reduced from value

Mahesh Rao

66 Points Posted on 28 February 2018

simply

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 28 February 2018

Trade Discount is directly account to the Party. GST not applicable.

Alok Sharma

52 Points Posted on 01 March 2018

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.

Alok Sharma

52 Points Posted on 01 March 2018

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.

VINEETH.R

FINANCIAL ACCOUNTANT

458 Points Posted on 01 March 2018

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

Aashish Sachdeva

839 Points Posted on 01 March 2018

you mean Gst is applicable on MRP and discount given in directly party ladger without GST .....

Alok Sharma

52 Points Posted on 02 March 2018

You are interpretating it wrongly.

MRP
less: Trade Discount / Quantity Discount
= Taxable Value of Supply

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pankaj

Mahesh Rao

Mahesh Rao

RAJA P M

Alok Sharma

Alok Sharma

VINEETH.R

Aashish Sachdeva

Alok Sharma

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