Menu
Discount bill Gst
what is the procedure while sale on discount with GST.?
Replies (3)
you have to exclud discount from value of supply as per section 15 of CGST act 2017
value of supply. - 100
Discount - 20
---------------------------
80
you have charge GST on 80/- Rs .
value of supply. - 100
Discount - 20
---------------------------
80
you have charge GST on 80/- Rs .
if freight came means what..?
GST should be charged on the total value of supply. If the freight charge is included, then GST on freight charges has to be levied at the same rate of tax charged on supply.
Recent Threads
- Advance Tax not reflecting in Form26AS
- Capita gain tax
- Clubbing of income on ULIP
- ITR2 Processing Delay
- TDS demand payment notice
- Invoice NOT in 2B but showing in 2A, and supplier
- Is ITC available on VRF AC
- Capital gains on sale of furnished flat
- Heard & Seen Around – Your Daily Economi
- Gst interest and penalty doubts regarding missing
Related Threads
CAclubindia
