Discount vs Incentive

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

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 .

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