DISCOUNT INVOICE
avng infra (108 Points)
31 March 2019exp: invoice amount Rs. 100, Discount Rs.40/-
Total Rs.60/-
output gst Rs.10.8
net Total Rs 70.8/-
avng infra (108 Points)
31 March 2019
prasad Nilugal
(3914 Points)
Replied 31 March 2019
prasad Nilugal
(3914 Points)
Replied 31 March 2019
Pankaj Rawat
(GST Practitioner)
(55032 Points)
Replied 01 April 2019
CA Sibodh Bogi
(GST Consultant)
(43 Points)
Replied 01 April 2019
If the discount is pre determined & shown in invoice then GST would not be applicable on discount portion.
As per section 15(1) the value of goods or supply shall be the transaction value which is the " Price actually paid or payable" will constitute Consideration for the purpose of GST.
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