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Discount vs Incentive


NAVEEN (Sr.ACCOUNTANT)     30 July 2020

NAVEEN
Sr.ACCOUNTANT 
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Is any difference between Discount and Incentive Under GST?

Any definition in Gst for incentive ?

Is incentive is service attract Gst?

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Ravi SADhiyan (CA Final)     30 July 2020

Ravi SADhiyan
CA Final 
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Originally posted by : NAVEEN
Is any difference between Discount and Incentive Under GST? Any definition in Gst for incentive ? Is incentive is service attract Gst?

Kindly tells related Service and Goods in which Discount or Incentive are given.

 

Thanks with Regards

Ravi SADhiyan

 

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NAVEEN (Sr.ACCOUNTANT)     30 July 2020

NAVEEN
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Electronic goods

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Ravi SADhiyan (CA Final)     31 July 2020

Ravi SADhiyan
CA Final 
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Originally posted by : NAVEEN
Electronic goods

 

Difference in Discount and Incentive

1- Discount is give to customer to attract customer for purchase more products. Discount is reduced from total taxable value.

2- Incentive is give to sales person to encourage to sale more product to customer. Incentive as a service consideration to pay sales person .

 

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Kishor Lulla   31 July 2020

Kishor Lulla

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No gst on discount subject to conditions.
taxability on incentives, two views, I m of the view that it is taxable as it is a different service other than trading goods.

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NAVEEN (Sr.ACCOUNTANT)     31 July 2020

NAVEEN
Sr.ACCOUNTANT 
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Yes But is any definition/ or any other criteria to identify discount and incentive
like post sale discount with out agreement

Is any chance to consider post sale discount without agreement as incentive which attract gst .

debora M (BUSINESS DEVELOPMENT MANAGER)     31 July 2020

debora M
BUSINESS DEVELOPMENT MANAGER 
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GST can be levied only on a consideration received for a taxable supply of goods or services or both. Since your retail sale of petrol & diesel is out of the scope GST net, incentives received by you are against Non-GST supply. Hence such incentives are also not taxable under GST


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