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Gst applicable on discount received

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177 Points Posted on 12 August 2023
sir
gst applicable on discount received/ credited by company to distributor through credit note
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On 12 August 2023 at 13:03 Report
Replies (6)
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Profession Business
28207 Points Posted on 12 August 2023
Gst applicable on discount received credited by company to distributir through credit note.
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On 12 August 2023 at 14:41
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"Do the Right Thing...!!!"
128152 Points Posted on 12 August 2023
No, GST not applicable.
2 Reply
On 12 August 2023 at 14:59
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CFO- at NHTF
58280 Points Posted on 13 August 2023
Supplier in such case can issue credit note with GST amount and dealer is required to reverse said Input tax credit
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On 13 August 2023 at 23:19
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"Do the Right Thing...!!!"
128152 Points Posted on 14 August 2023
GST not applicable for the said credit note for discount. it's will be treat as financial credit and GST not applicable...
1 Reply
On 14 August 2023 at 06:48
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PARTNER
173 Points Posted on 15 August 2023
Supplier directly transfers discount amount to our ledger account without any credit note. Whether GST payable on it.
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On 15 August 2023 at 22:24
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"Do the Right Thing...!!!"
128152 Points Posted on 16 August 2023
No.... ....
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On 16 August 2023 at 04:30


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