How trade discount is treated in GST is it a service item .
what is the SAC
cod and what is the tax applicable
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Discount
Replies (9)
trade discount is simply reduced from value.
reduced from value
simply
Trade Discount is directly account to the Party. GST not applicable.
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.
Determination of Value of Supply, CGST Rules, 2017 contains provisions related to valuation of supply of goods or services.
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.
Yu don't want to bother about the gst in trade discount. 
you mean Gst is applicable on MRP and discount given in directly party ladger without GST .....
You are interpretating it wrongly.
MRP
less: Trade Discount / Quantity Discount
= Taxable Value of Supply
MRP
less: Trade Discount / Quantity Discount
= Taxable Value of Supply
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