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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
28198 Points Posted on 12 August 2023
Gst applicable on discount received credited by company to distributir through credit note.
44 Reply
On 12 August 2023 at 14:41
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"Do the Right Thing...!!!"
128147 Points Posted on 12 August 2023
No, GST not applicable.
463 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
59 Reply
On 13 August 2023 at 23:19
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"Do the Right Thing...!!!"
128147 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...
463 Reply
On 14 August 2023 at 06:48
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PARTNER
172 Points Posted on 15 August 2023
Supplier directly transfers discount amount to our ledger account without any credit note. Whether GST payable on it.
1 Reply
On 15 August 2023 at 22:24
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"Do the Right Thing...!!!"
128147 Points Posted on 16 August 2023
No.... ....
463 Reply
On 16 August 2023 at 04:30


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