1) Do i need to reverse GST if i give cash discount to my customer or receive cash discount from my supplier?
2) If i receive turnover discount towards annual sales target from my supplier, do i need to pay GST on the same?
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Discount in GST
Replies (1)
in case one, you can issue bill by reducing discount. you can save gst on it.
second case ,yes you have to paid gst on target based incentives or discounts
second case ,yes you have to paid gst on target based incentives or discounts
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