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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Discount vs Incentive
Replies (6)
Quick Summary
| 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
Electronic goods
| 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 .
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.
taxability on incentives, two views, I m of the view that it is taxable as it is a different service other than trading goods.
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 .
like post sale discount with out agreement
Is any chance to consider post sale discount without agreement as incentive which attract gst .
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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