GST on cash discount

805 views
User Avatar

34 Points Posted on 16 September 2023
If any company supply goods to us on B2B invoice for further sale and later on gives us credit note for cash discount. Can they charge GST on it and on what rate.
1 Reply Share Follow
On 16 September 2023 at 13:27 Report
Replies (3)
Quick Summary
This discussion clarifies whether Goods and Services Tax (GST) is applicable on cash discounts provided by suppliers via credit notes. The consensus is that GST is not chargeable on cash discounts. However, further details regarding the nature of the product, HSN code, and rate would be needed for a complete assessment.

User Avatar

Account
408 Points Posted on 16 September 2023

No, there is no GST will be charged on Credit Note for cash discount.

 

1 Reply
On 16 September 2023 at 17:43
User Avatar

"Do the Right Thing...!!!"
128162 Points Posted on 16 September 2023
Yes I agreed...

GST not applicable for the cash discount...
1 Reply
On 16 September 2023 at 23:33
User Avatar

Profession
28271 Points Posted on 19 September 2023
Please mention the nature of the product.
HSN code and rare has to be ascertained.
Reply
On 19 September 2023 at 10:58

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Criteria to hire an article
  2. Guidence requested for a Finance Professional with
  3. Expert Opinion Required – Form 140 Gross Amo
  4. WRONG TAX DEMAND - formal responses , rectificatio
  5. Foreign remittance
  6. Affordable Residential Flats in Gurgaon
  7. Manufacturing
  8. TAN REGISTRATION ON E-FILLING SITE
  9. Form 10-IEA – Continuing Old Regime
  10. Income tax act 2026

More recent discussions | Post

Related Topics :

Loading