If a dealer gets discount from wholeseller and he does not pass it on to next dealer.
Gst calculation will be on net basis I.e output tax minus input tax.
Or
On profit that he had made in form of discount received?
FCA surbhi jain (FCA) (897 Points)
11 July 2017If a dealer gets discount from wholeseller and he does not pass it on to next dealer.
Gst calculation will be on net basis I.e output tax minus input tax.
Or
On profit that he had made in form of discount received?
RAJA P M
("Do the Right Thing...!!!")
(127072 Points)
Replied 11 July 2017
Wholeseller also calculate GST on Discountable amount. Here Output - Input calculation is never effect the Discount amount
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