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Input Credit on Sales discount

16 October 2018

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?

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2 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14151 Points)
Replied 16 October 2018

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 .

vamsi krishna (Article Assistant) (268 Points)
Replied 16 October 2018

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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