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Input Credit on Sales discount
A pharmacy made a sales of Rs.100,000 in a month and given 10% discount to its customers. How to claim ITC on discount given?
Replies (2)
As per section 15 sub section 3 (a) The value of supply shall not include any discount which is given before or at the time of the supply . So taxable value will be only after discount .
Dear Querist,
kindly make your query is as simpler as possible to understand more particularly.
it is better to explain with example inorder to solve your query.
Thanks
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