what and how to do treatment in gst returns for discount received ( with gst ) charged
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Query related to discount treatment in gst
Replies (6)
read today's economic times. a big article related to coca cola is given which is related to discounts given but no GST paid on it
You can claim ITC based with Discount value...
Discount received with gst then its your liability that you have to reverse the ITC in 3b
yes the Discoount reced with GST the ITC is to be reverse , show it in 3b
ITC will reduce to the extent of discount so reduce it from 3B
discount received with GST ITC must be reverted
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