as per sc 15(3)
" value of Supply shall not include any discount "
can anybody explain these words to me..
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Sec 15(3) of cgst act
Replies (2)
Basically Discount Included in Invoice can be allowed to deduct.
Other thing is you can also allowed to deduct your discount for calculating supply after getting invoice, If it is agreed before.
Other thing is you can also allowed to deduct your discount for calculating supply after getting invoice, If it is agreed before.
Discount allowed before or at the time of supply, and it has been mentioned in the invoice separately, it will not be added in the value of supply. The input tax credit (ITC) related to the amount of the discount allowed has been reversed by the recipient of the supply.
GST will be calculated and what will be applicable on value of supply
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