Discount - Based on Payment Terms

Fareed (Accountant) (90 Points)

17 November 2021  

Dear Experts,

X Pvt Ltd Purchase of Raw Materials from Y Pvt Ltd.

Y Pvt Ltd company offer a discount, if X Pvt Ltd company process the payment for raw material on 30 days,  will give discounts 1% on basic value of goods.

I like to know that, that discount portion GST should reverse in return...?

Please share implication in view of GST

Thanks & Regards

Fareed

XYZ PVT LTD (GST Registered Company)

Read more at: https://www.caclubindia.com/experts/browse.asp?mode=resolved
XYZ PVT LTD (GST Registered Company)

Read more at: https://www.caclubindia.com/experts/browse.asp?mode=resolved