hi, the right way of giving a discount is on the taxable value and after that GST charged.
But we were given a discount on the total sale value. I.e sale value 1000
GST. + 120
Discount. - 200
is this right way.
Menu
Discount on sale
Replies (4)
Yes. It depends if discount is on wholesale or retail price. Wholesale means, purchasing directly from a dealer like raw materials. If wall things have a tax base then, the above procedure you mentioned is correct.
It's finished good
Discount of 200 over 1120
Yes...
Recent Threads
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
Related Threads
CAclubindia
